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$354,162$351,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,771$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$2,349.62$2,430.25
2nd payment$0.00$0.00
Taxes / mo$243.67$243.67
Insurance / mo$150.00$150.00
MI / mo$0.00$70.20
HOA / mo$40.00$40.00
Total monthly$2,783.29$2,934.12
Cash to close$35,838$39,000