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$349,093$333,000
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,745$0
Note rate6.930%7.400%
Blended rate6.930%7.640%
1st payment$2,345.16$2,305.62
2nd payment$0.00$0.00
Taxes / mo$46.00$46.00
Insurance / mo$150.00$150.00
MI / mo$0.00$66.60
HOA / mo$0.00$0.00
Total monthly$2,541.16$2,568.22
Cash to close$20,907$37,000