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$342,214$337,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,711$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$2,280.92$2,336.78
2nd payment$0.00$0.00
Taxes / mo$87.58$87.58
Insurance / mo$150.00$150.00
MI / mo$0.00$67.50
HOA / mo$78.33$78.33
Total monthly$2,596.83$2,720.20
Cash to close$32,786$37,500