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$334,321$328,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$1,672$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,137.02$2,274.47
2nd payment$0.00$0.00
Taxes / mo$429.00$429.00
Insurance / mo$150.00$150.00
MI / mo$0.00$65.70
HOA / mo$0.00$0.00
Total monthly$2,716.02$2,919.17
Cash to close$30,679$36,500