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$344,968$328,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,725$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$2,335.35$2,274.47
2nd payment$0.00$0.00
Taxes / mo$61.83$61.83
Insurance / mo$150.00$150.00
MI / mo$0.00$65.70
HOA / mo$149.00$149.00
Total monthly$2,696.19$2,701.00
Cash to close$20,032$36,500