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$335,178$314,910
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,676$0
Note rate6.780%7.400%
Blended rate6.780%7.640%
1st payment$2,234.04$2,180.37
2nd payment$0.00$0.00
Taxes / mo$221.08$221.08
Insurance / mo$150.00$150.00
MI / mo$0.00$62.98
HOA / mo$40.00$40.00
Total monthly$2,645.12$2,654.44
Cash to close$14,722$34,990