Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$348,509$337,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,743$0
Note rate5.900%7.400%
Blended rate5.900%7.640%
1st payment$2,129.36$2,336.78
2nd payment$0.00$0.00
Taxes / mo$312.50$312.50
Insurance / mo$150.00$150.00
MI / mo$0.00$67.50
HOA / mo$0.00$0.00
Total monthly$2,591.86$2,866.78
Cash to close$26,491$37,500