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$338,998$303,750
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,695$0
Note rate4.170%7.400%
Blended rate4.170%7.640%
1st payment$1,794.51$2,103.10
2nd payment$0.00$0.00
Taxes / mo$124.08$124.08
Insurance / mo$150.00$150.00
MI / mo$0.00$60.75
HOA / mo$80.00$80.00
Total monthly$2,148.59$2,517.94
Cash to close$0$33,750