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$353,611$314,100
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$1,768$0
Note rate6.220%7.400%
Blended rate6.220%7.640%
1st payment$2,178.73$2,174.76
2nd payment$0.00$0.00
Taxes / mo$290.83$290.83
Insurance / mo$150.00$150.00
MI / mo$0.00$62.82
HOA / mo$22.00$22.00
Total monthly$2,641.57$2,700.42
Cash to close$0$34,900