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$335,560$315,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,678$0
Note rate6.270%7.400%
Blended rate6.270%7.640%
1st payment$2,166.35$2,181.00
2nd payment$0.00$0.00
Taxes / mo$364.47$364.47
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$0.00$0.00
Total monthly$2,680.82$2,758.47
Cash to close$14,440$35,000