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$342,269$304,650
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$1,711$0
Note rate6.370%7.400%
Blended rate6.370%7.640%
1st payment$2,144.24$2,109.34
2nd payment$0.00$0.00
Taxes / mo$282.08$282.08
Insurance / mo$150.00$150.00
MI / mo$0.00$60.93
HOA / mo$20.00$20.00
Total monthly$2,596.32$2,622.35
Cash to close$0$33,850