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$348,102$328,500
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,741$0
Note rate3.450%7.400%
Blended rate3.450%7.640%
1st payment$1,711.96$2,274.47
2nd payment$0.00$0.00
Taxes / mo$93.75$93.75
Insurance / mo$150.00$150.00
MI / mo$0.00$65.70
HOA / mo$0.00$0.00
Total monthly$1,955.71$2,583.92
Cash to close$16,898$36,500