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$325,940$314,910
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,630$0
Note rate4.170%7.400%
Blended rate4.170%7.640%
1st payment$1,725.39$2,180.37
2nd payment$0.00$0.00
Taxes / mo$880.44$880.44
Insurance / mo$150.00$150.00
MI / mo$0.00$62.98
HOA / mo$0.00$0.00
Total monthly$2,755.83$3,273.79
Cash to close$23,960$34,990