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$337,941$328,500
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$1,690$0
Note rate4.000%7.400%
Blended rate4.000%7.640%
1st payment$1,766.77$2,274.47
2nd payment$0.00$0.00
Taxes / mo$532.75$532.75
Insurance / mo$150.00$150.00
MI / mo$0.00$65.70
HOA / mo$502.00$502.00
Total monthly$2,951.52$3,524.92
Cash to close$27,059$36,500