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$335,001$319,950
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$1,675$0
Note rate6.630%7.320%
Blended rate6.630%7.560%
1st payment$2,178.18$2,197.83
2nd payment$0.00$0.00
Taxes / mo$296.25$296.25
Insurance / mo$150.00$150.00
MI / mo$0.00$63.99
HOA / mo$36.67$36.67
Total monthly$2,661.10$2,744.74
Cash to close$20,499$35,550