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$342,990$288,000
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$1,715$0
Note rate0.000%7.400%
Blended rate0.000%7.640%
1st payment$952.75$1,994.05
2nd payment$0.00$0.00
Taxes / mo$9.67$9.67
Insurance / mo$150.00$150.00
MI / mo$0.00$57.60
HOA / mo$97.00$97.00
Total monthly$1,209.42$2,308.32
Cash to close$0$32,000