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$344,260$342,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,721$0
Note rate6.920%7.400%
Blended rate6.920%7.640%
1st payment$2,375.78$2,367.94
2nd payment$0.00$0.00
Taxes / mo$175.92$175.92
Insurance / mo$150.00$150.00
MI / mo$0.00$68.40
HOA / mo$35.00$35.00
Total monthly$2,736.69$2,797.26
Cash to close$35,740$38,000