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$329,132$314,910
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,646$0
Note rate5.810%7.400%
Blended rate5.810%7.640%
1st payment$2,049.99$2,180.37
2nd payment$0.00$0.00
Taxes / mo$144.67$144.67
Insurance / mo$150.00$150.00
MI / mo$0.00$62.98
HOA / mo$0.00$0.00
Total monthly$2,344.66$2,538.02
Cash to close$20,768$34,990