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$330,392$319,500
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$1,652$0
Note rate6.520%7.320%
Blended rate6.520%7.560%
1st payment$2,096.44$2,194.74
2nd payment$0.00$0.00
Taxes / mo$295.83$295.83
Insurance / mo$150.00$150.00
MI / mo$0.00$63.90
HOA / mo$14.00$14.00
Total monthly$2,556.27$2,718.48
Cash to close$24,608$35,500