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$331,082$321,341
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,655$0
Note rate6.540%7.400%
Blended rate6.540%7.640%
1st payment$2,144.05$2,224.90
2nd payment$0.00$0.00
Taxes / mo$297.54$297.54
Insurance / mo$150.00$150.00
MI / mo$0.00$64.27
HOA / mo$13.33$13.33
Total monthly$2,604.91$2,750.04
Cash to close$25,964$35,705