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$339,249$323,991
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,696$0
Note rate6.490%7.400%
Blended rate6.490%7.640%
1st payment$2,192.81$2,243.25
2nd payment$0.00$0.00
Taxes / mo$100.00$100.00
Insurance / mo$150.00$150.00
MI / mo$0.00$64.80
HOA / mo$142.00$142.00
Total monthly$2,584.81$2,700.05
Cash to close$20,741$35,999