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$351,348$341,910
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$1,757$0
Note rate4.990%7.400%
Blended rate4.990%7.640%
1st payment$1,973.26$2,367.32
2nd payment$0.00$0.00
Taxes / mo$366.67$366.67
Insurance / mo$150.00$150.00
MI / mo$0.00$68.38
HOA / mo$59.00$59.00
Total monthly$2,548.92$3,011.36
Cash to close$28,552$37,990