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$345,368$332,100
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$1,727$0
Note rate6.830%7.400%
Blended rate6.830%7.640%
1st payment$2,288.74$2,299.39
2nd payment$0.00$0.00
Taxes / mo$407.17$407.17
Insurance / mo$150.00$150.00
MI / mo$0.00$66.42
HOA / mo$16.17$16.17
Total monthly$2,862.07$2,939.15
Cash to close$23,632$36,900