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$349,582$338,310
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,748$0
Note rate6.780%7.400%
Blended rate6.780%7.640%
1st payment$2,325.36$2,342.39
2nd payment$0.00$0.00
Taxes / mo$554.92$554.92
Insurance / mo$150.00$150.00
MI / mo$0.00$67.66
HOA / mo$16.25$16.25
Total monthly$3,046.53$3,131.22
Cash to close$26,318$37,590