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$347,508$337,410
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$1,738$0
Note rate6.180%7.400%
Blended rate6.180%7.640%
1st payment$2,138.49$2,336.16
2nd payment$0.00$0.00
Taxes / mo$160.33$160.33
Insurance / mo$150.00$150.00
MI / mo$0.00$67.48
HOA / mo$0.00$0.00
Total monthly$2,448.82$2,713.97
Cash to close$27,392$37,490