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$345,406$310,410
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$1,727$0
Note rate6.090%7.400%
Blended rate6.090%7.640%
1st payment$2,105.56$2,149.22
2nd payment$0.00$0.00
Taxes / mo$150.58$150.58
Insurance / mo$150.00$150.00
MI / mo$0.00$62.08
HOA / mo$0.00$0.00
Total monthly$2,406.14$2,511.88
Cash to close$0$34,490