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$327,729$328,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,639$0
Note rate6.730%7.400%
Blended rate6.730%7.640%
1st payment$2,211.53$2,274.47
2nd payment$0.00$0.00
Taxes / mo$314.08$314.08
Insurance / mo$150.00$150.00
MI / mo$0.00$65.70
HOA / mo$227.00$227.00
Total monthly$2,902.61$3,031.25
Cash to close$37,271$36,500