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$343,884$337,500
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,719$0
Note rate4.750%7.400%
Blended rate4.750%7.640%
1st payment$1,940.53$2,336.78
2nd payment$0.00$0.00
Taxes / mo$130.08$130.08
Insurance / mo$150.00$150.00
MI / mo$0.00$67.50
HOA / mo$0.00$0.00
Total monthly$2,220.61$2,684.37
Cash to close$31,116$37,500