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$355,235$342,000
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$1,776$0
Note rate6.910%7.400%
Blended rate6.910%7.640%
1st payment$2,383.99$2,367.94
2nd payment$0.00$0.00
Taxes / mo$168.05$168.05
Insurance / mo$150.00$150.00
MI / mo$0.00$68.40
HOA / mo$0.00$0.00
Total monthly$2,702.04$2,754.39
Cash to close$24,765$38,000