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$332,097$324,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,660$0
Note rate4.750%7.400%
Blended rate4.750%7.640%
1st payment$1,867.76$2,243.31
2nd payment$0.00$0.00
Taxes / mo$78.92$78.92
Insurance / mo$150.00$150.00
MI / mo$0.00$64.80
HOA / mo$0.00$0.00
Total monthly$2,096.67$2,537.03
Cash to close$27,903$36,000