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$326,364$314,998
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$1,632$0
Note rate6.760%7.320%
Blended rate6.760%7.560%
1st payment$2,147.76$2,163.82
2nd payment$0.00$0.00
Taxes / mo$169.17$169.17
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$0.00$0.00
Total monthly$2,466.93$2,545.99
Cash to close$23,634$35,000