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$352,151$346,500
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$1,761$0
Note rate6.480%7.400%
Blended rate6.480%7.640%
1st payment$2,322.94$2,399.10
2nd payment$0.00$0.00
Taxes / mo$57.35$57.35
Insurance / mo$150.00$150.00
MI / mo$0.00$69.30
HOA / mo$0.00$0.00
Total monthly$2,530.29$2,675.75
Cash to close$32,849$38,500