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$348,666$342,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,743$0
Note rate7.170%7.400%
Blended rate7.170%7.640%
1st payment$2,417.85$2,367.94
2nd payment$0.00$0.00
Taxes / mo$327.59$327.59
Insurance / mo$150.00$150.00
MI / mo$0.00$68.40
HOA / mo$0.00$0.00
Total monthly$2,895.43$2,913.92
Cash to close$31,334$38,000