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$347,017$329,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,735$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$2,249.69$2,277.93
2nd payment$0.00$0.00
Taxes / mo$304.63$304.63
Insurance / mo$150.00$150.00
MI / mo$0.00$65.80
HOA / mo$22.00$22.00
Total monthly$2,726.32$2,820.36
Cash to close$18,538$36,556