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$349,368$322,200
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$1,747$0
Note rate6.520%7.320%
Blended rate6.520%7.560%
1st payment$2,216.84$2,213.29
2nd payment$0.00$0.00
Taxes / mo$117.08$117.08
Insurance / mo$150.00$150.00
MI / mo$0.00$64.44
HOA / mo$0.00$0.00
Total monthly$2,483.93$2,544.81
Cash to close$8,632$35,800