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$341,145$346,410
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,706$0
Note rate5.100%7.400%
Blended rate5.100%7.640%
1st payment$1,988.41$2,398.47
2nd payment$0.00$0.00
Taxes / mo$300.75$300.75
Insurance / mo$150.00$150.00
MI / mo$0.00$69.28
HOA / mo$231.00$231.00
Total monthly$2,670.16$3,149.50
Cash to close$43,755$38,490