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$346,363$251,100
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,732$0
Note rate3.760%7.400%
Blended rate3.760%7.640%
1st payment$1,758.18$1,738.57
2nd payment$0.00$0.00
Taxes / mo$151.42$151.42
Insurance / mo$150.00$150.00
MI / mo$0.00$50.22
HOA / mo$0.00$0.00
Total monthly$2,059.59$2,090.20
Cash to close$0$27,900