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$331,342$337,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$1,657$0
Note rate6.960%7.320%
Blended rate6.960%7.560%
1st payment$2,272.78$2,318.39
2nd payment$0.00$0.00
Taxes / mo$138.33$138.33
Insurance / mo$150.00$150.00
MI / mo$0.00$67.50
HOA / mo$0.00$0.00
Total monthly$2,561.11$2,674.22
Cash to close$43,658$37,500