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$327,980$314,999
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,640$0
Note rate6.320%7.400%
Blended rate6.320%7.640%
1st payment$2,125.16$2,180.99
2nd payment$0.00$0.00
Taxes / mo$311.58$311.58
Insurance / mo$150.00$150.00
MI / mo$0.00$63.00
HOA / mo$46.67$46.67
Total monthly$2,633.42$2,752.24
Cash to close$22,019$35,000