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$345,276$319,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,726$0
Note rate6.12%7.18%
Blended rate6.12%7.42%
1st payment$2,196.63$2,164.40
2nd payment$0.00$0.00
Taxes / mo$122.83$122.83
Insurance / mo$150.00$150.00
MI / mo$0.00$63.90
HOA / mo$62.00$62.00
Total monthly$2,531.46$2,563.14
Cash to close$9,724$35,500