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$343,130$335,700
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,716$0
Note rate3.050%7.400%
Blended rate3.050%7.640%
1st payment$1,614.72$2,324.32
2nd payment$0.00$0.00
Taxes / mo$107.46$107.46
Insurance / mo$150.00$150.00
MI / mo$0.00$67.14
HOA / mo$0.00$0.00
Total monthly$1,872.18$2,648.92
Cash to close$29,870$37,300