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$336,163$341,100
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,681$0
Note rate6.710%7.320%
Blended rate6.710%7.560%
1st payment$2,249.01$2,343.12
2nd payment$0.00$0.00
Taxes / mo$175.33$175.33
Insurance / mo$150.00$150.00
MI / mo$0.00$68.22
HOA / mo$0.00$0.00
Total monthly$2,574.34$2,736.67
Cash to close$42,837$37,900