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$349,775$336,200
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,749$0
Note rate6.820%7.400%
Blended rate6.820%7.640%
1st payment$2,345.20$2,327.78
2nd payment$0.00$0.00
Taxes / mo$311.30$311.30
Insurance / mo$150.00$150.00
MI / mo$0.00$67.24
HOA / mo$30.00$30.00
Total monthly$2,836.49$2,886.31
Cash to close$23,780$37,356