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$351,580$328,500
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$1,758$0
Note rate6.180%7.320%
Blended rate6.180%7.560%
1st payment$2,163.55$2,256.57
2nd payment$0.00$0.00
Taxes / mo$63.50$63.50
Insurance / mo$150.00$150.00
MI / mo$0.00$65.70
HOA / mo$0.00$0.00
Total monthly$2,377.05$2,535.77
Cash to close$13,420$36,500