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$329,549$310,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,648$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$2,072.36$2,149.84
2nd payment$0.00$0.00
Taxes / mo$172.00$172.00
Insurance / mo$150.00$150.00
MI / mo$0.00$62.10
HOA / mo$106.00$106.00
Total monthly$2,500.36$2,639.94
Cash to close$15,451$34,500