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$330,609$332,910
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,653$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,109.21$2,305.00
2nd payment$0.00$0.00
Taxes / mo$61.93$61.93
Insurance / mo$150.00$150.00
MI / mo$0.00$66.58
HOA / mo$0.00$0.00
Total monthly$2,321.14$2,583.52
Cash to close$39,291$36,990