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$340,529$337,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,703$0
Note rate6.270%7.400%
Blended rate6.270%7.640%
1st payment$2,198.44$2,336.78
2nd payment$0.00$0.00
Taxes / mo$163.00$163.00
Insurance / mo$150.00$150.00
MI / mo$0.00$67.50
HOA / mo$100.00$100.00
Total monthly$2,611.44$2,817.28
Cash to close$34,471$37,500