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$356,343$347,850
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,782$0
Note rate6.930%7.320%
Blended rate6.930%7.560%
1st payment$2,391.62$2,389.49
2nd payment$0.00$0.00
Taxes / mo$218.75$218.75
Insurance / mo$150.00$150.00
MI / mo$0.00$69.57
HOA / mo$0.00$0.00
Total monthly$2,760.37$2,827.81
Cash to close$30,157$38,650