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$345,047$333,000
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$1,725$0
Note rate6.19%7.18%
Blended rate6.19%7.42%
1st payment$2,132.02$2,255.86
2nd payment$0.00$0.00
Taxes / mo$209.00$209.00
Insurance / mo$150.00$150.00
MI / mo$0.00$66.60
HOA / mo$133.00$133.00
Total monthly$2,624.02$2,814.46
Cash to close$24,953$37,000