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$331,762$324,000
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,659$0
Note rate6.580%7.400%
Blended rate6.580%7.640%
1st payment$2,135.94$2,243.31
2nd payment$0.00$0.00
Taxes / mo$687.67$687.67
Insurance / mo$150.00$150.00
MI / mo$0.00$64.80
HOA / mo$0.00$0.00
Total monthly$2,973.61$3,145.78
Cash to close$28,238$36,000