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$342,904$328,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,715$0
Note rate4.000%7.400%
Blended rate4.000%7.640%
1st payment$1,782.64$2,274.47
2nd payment$0.00$0.00
Taxes / mo$84.62$84.62
Insurance / mo$150.00$150.00
MI / mo$0.00$65.70
HOA / mo$0.00$0.00
Total monthly$2,017.26$2,574.79
Cash to close$22,096$36,500