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$332,379$328,050
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$1,662$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,135.14$2,271.35
2nd payment$0.00$0.00
Taxes / mo$648.25$648.25
Insurance / mo$150.00$150.00
MI / mo$0.00$65.61
HOA / mo$0.00$0.00
Total monthly$2,933.39$3,135.21
Cash to close$32,121$36,450