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$335,151$328,500
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,676$0
Note rate5.810%7.400%
Blended rate5.810%7.640%
1st payment$2,093.30$2,274.47
2nd payment$0.00$0.00
Taxes / mo$285.67$285.67
Insurance / mo$150.00$150.00
MI / mo$0.00$65.70
HOA / mo$293.00$293.00
Total monthly$2,821.97$3,068.83
Cash to close$29,849$36,500