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$346,937$339,750
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$1,735$0
Note rate6.230%7.400%
Blended rate6.230%7.640%
1st payment$2,150.46$2,352.36
2nd payment$0.00$0.00
Taxes / mo$477.27$477.27
Insurance / mo$150.00$150.00
MI / mo$0.00$67.95
HOA / mo$0.00$0.00
Total monthly$2,777.72$3,047.58
Cash to close$30,563$37,750