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$330,379$310,410
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,652$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,175.81$2,149.22
2nd payment$0.00$0.00
Taxes / mo$99.48$99.48
Insurance / mo$150.00$150.00
MI / mo$0.00$62.08
HOA / mo$20.00$20.00
Total monthly$2,445.29$2,480.78
Cash to close$14,521$34,490