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$351,668$321,300
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,758$0
Note rate6.490%7.400%
Blended rate6.490%7.640%
1st payment$2,273.08$2,224.62
2nd payment$0.00$0.00
Taxes / mo$259.42$259.42
Insurance / mo$150.00$150.00
MI / mo$0.00$64.26
HOA / mo$85.00$85.00
Total monthly$2,767.49$2,783.29
Cash to close$5,332$35,700