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$374,338$328,500
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$1,872$0
Note rate6.210%7.400%
Blended rate6.210%7.640%
1st payment$2,310.84$2,274.47
2nd payment$0.00$0.00
Taxes / mo$203.83$203.83
Insurance / mo$150.00$150.00
MI / mo$0.00$65.70
HOA / mo$30.00$30.00
Total monthly$2,694.68$2,724.00
Cash to close$0$36,500