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$332,403$333,000
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$1,662$0
Note rate7.080%7.400%
Blended rate7.080%7.640%
1st payment$2,325.76$2,305.62
2nd payment$0.00$0.00
Taxes / mo$468.92$468.92
Insurance / mo$150.00$150.00
MI / mo$0.00$66.60
HOA / mo$75.33$75.33
Total monthly$3,020.01$3,066.47
Cash to close$37,597$37,000