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$333,129$323,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,666$0
Note rate6.420%7.320%
Blended rate6.420%7.560%
1st payment$2,176.99$2,219.47
2nd payment$0.00$0.00
Taxes / mo$137.92$137.92
Insurance / mo$150.00$150.00
MI / mo$0.00$64.62
HOA / mo$114.00$114.00
Total monthly$2,578.91$2,686.01
Cash to close$25,871$35,900