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$329,262$326,700
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,646$0
Note rate6.150%7.320%
Blended rate6.150%7.560%
1st payment$2,100.92$2,244.20
2nd payment$0.00$0.00
Taxes / mo$302.50$302.50
Insurance / mo$150.00$150.00
MI / mo$0.00$65.34
HOA / mo$0.00$0.00
Total monthly$2,553.42$2,762.04
Cash to close$33,738$36,300