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$339,900$310,410
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$1,699$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,179.09$2,149.22
2nd payment$0.00$0.00
Taxes / mo$269.67$269.67
Insurance / mo$150.00$150.00
MI / mo$0.00$62.08
HOA / mo$75.00$75.00
Total monthly$2,673.76$2,705.96
Cash to close$5,000$34,490