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$346,343$319,410
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$1,732$0
Note rate2.800%7.400%
Blended rate2.800%7.640%
1st payment$1,606.60$2,211.53
2nd payment$0.00$0.00
Taxes / mo$136.50$136.50
Insurance / mo$150.00$150.00
MI / mo$0.00$63.88
HOA / mo$35.00$35.00
Total monthly$1,928.10$2,596.91
Cash to close$8,557$35,490