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$334,377$332,100
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$1,672$0
Note rate6.720%7.400%
Blended rate6.720%7.640%
1st payment$2,185.53$2,299.39
2nd payment$0.00$0.00
Taxes / mo$426.55$426.55
Insurance / mo$150.00$150.00
MI / mo$0.00$66.42
HOA / mo$0.00$0.00
Total monthly$2,762.08$2,942.36
Cash to close$34,623$36,900