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$352,834$337,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,764$0
Note rate6.900%7.400%
Blended rate6.900%7.640%
1st payment$2,403.89$2,336.78
2nd payment$0.00$0.00
Taxes / mo$77.42$77.42
Insurance / mo$150.00$150.00
MI / mo$0.00$67.50
HOA / mo$0.00$0.00
Total monthly$2,631.31$2,631.70
Cash to close$22,166$37,500