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$338,670$333,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$1,693$0
Note rate7.030%7.400%
Blended rate7.030%7.640%
1st payment$2,328.87$2,305.62
2nd payment$0.00$0.00
Taxes / mo$466.92$466.92
Insurance / mo$150.00$150.00
MI / mo$0.00$66.60
HOA / mo$11.08$11.08
Total monthly$2,956.87$3,000.22
Cash to close$31,330$37,000