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$328,408$314,910
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,642$0
Note rate6.780%7.400%
Blended rate6.780%7.640%
1st payment$2,211.95$2,180.37
2nd payment$0.00$0.00
Taxes / mo$571.58$571.58
Insurance / mo$150.00$150.00
MI / mo$0.00$62.98
HOA / mo$8.33$8.33
Total monthly$2,941.87$2,973.27
Cash to close$21,492$34,990