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$331,001$320,400
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$1,655$0
Note rate6.760%7.400%
Blended rate6.760%7.640%
1st payment$2,178.28$2,218.38
2nd payment$0.00$0.00
Taxes / mo$447.75$447.75
Insurance / mo$150.00$150.00
MI / mo$0.00$64.08
HOA / mo$71.00$71.00
Total monthly$2,847.03$2,951.21
Cash to close$24,999$35,600