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$326,703$332,910
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$1,634$0
Note rate6.360%7.400%
Blended rate6.360%7.640%
1st payment$2,130.28$2,305.00
2nd payment$0.00$0.00
Taxes / mo$402.25$402.25
Insurance / mo$150.00$150.00
MI / mo$0.00$66.58
HOA / mo$50.00$50.00
Total monthly$2,732.53$2,973.83
Cash to close$43,197$36,990