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$342,859$332,100
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,714$0
Note rate6.820%7.400%
Blended rate6.820%7.640%
1st payment$2,305.94$2,299.39
2nd payment$0.00$0.00
Taxes / mo$292.00$292.00
Insurance / mo$150.00$150.00
MI / mo$0.00$66.42
HOA / mo$55.00$55.00
Total monthly$2,802.94$2,862.81
Cash to close$26,141$36,900