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$352,838$337,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,764$0
Note rate6.330%7.400%
Blended rate6.330%7.640%
1st payment$2,291.23$2,336.78
2nd payment$0.00$0.00
Taxes / mo$51.50$51.50
Insurance / mo$150.00$150.00
MI / mo$0.00$67.50
HOA / mo$302.00$302.00
Total monthly$2,794.73$2,907.78
Cash to close$22,162$37,500