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$331,232$323,100
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,656$0
Note rate5.110%7.400%
Blended rate5.110%7.640%
1st payment$1,929.55$2,237.08
2nd payment$0.00$0.00
Taxes / mo$325.92$325.92
Insurance / mo$150.00$150.00
MI / mo$0.00$64.62
HOA / mo$0.00$0.00
Total monthly$2,405.47$2,777.62
Cash to close$27,768$35,900