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$354,116$333,000
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$1,771$0
Note rate2.770%7.320%
Blended rate2.770%7.560%
1st payment$1,637.21$2,287.48
2nd payment$0.00$0.00
Taxes / mo$239.33$239.33
Insurance / mo$150.00$150.00
MI / mo$0.00$66.60
HOA / mo$0.00$0.00
Total monthly$2,026.54$2,743.41
Cash to close$15,884$37,000