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$352,702$342,000
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,764$0
Note rate6.440%7.400%
Blended rate6.440%7.640%
1st payment$2,261.26$2,367.94
2nd payment$0.00$0.00
Taxes / mo$62.58$62.58
Insurance / mo$150.00$150.00
MI / mo$0.00$68.40
HOA / mo$0.00$0.00
Total monthly$2,473.84$2,648.92
Cash to close$27,298$38,000