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$339,718$296,100
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,699$0
Note rate4.000%7.400%
Blended rate4.000%7.640%
1st payment$1,731.26$2,050.14
2nd payment$0.00$0.00
Taxes / mo$2,078.33$2,078.33
Insurance / mo$150.00$150.00
MI / mo$0.00$59.22
HOA / mo$360.00$360.00
Total monthly$4,319.59$4,697.69
Cash to close$0$32,900