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$344,996$315,000
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$1,725$0
Note rate3.070%7.400%
Blended rate3.070%7.640%
1st payment$1,637.75$2,181.00
2nd payment$0.00$0.00
Taxes / mo$368.58$368.58
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$0.00$0.00
Total monthly$2,156.33$2,762.58
Cash to close$5,004$35,000