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$342,251$341,910
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,711$0
Note rate6.730%7.400%
Blended rate6.730%7.640%
1st payment$2,265.44$2,367.32
2nd payment$0.00$0.00
Taxes / mo$284.83$284.83
Insurance / mo$150.00$150.00
MI / mo$0.00$68.38
HOA / mo$0.00$0.00
Total monthly$2,700.28$2,870.53
Cash to close$37,649$37,990