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$330,909$309,600
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$1,655$0
Note rate6.760%7.320%
Blended rate6.760%7.560%
1st payment$2,179.74$2,126.74
2nd payment$0.00$0.00
Taxes / mo$370.75$370.75
Insurance / mo$150.00$150.00
MI / mo$0.00$61.92
HOA / mo$0.00$0.00
Total monthly$2,700.49$2,709.41
Cash to close$13,091$34,400