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$343,235$330,660
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,716$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$2,296.98$2,289.42
2nd payment$0.00$0.00
Taxes / mo$306.17$306.17
Insurance / mo$150.00$150.00
MI / mo$0.00$66.13
HOA / mo$0.00$0.00
Total monthly$2,753.14$2,811.72
Cash to close$24,165$36,740