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$346,303$342,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,732$0
Note rate6.89%7.18%
Blended rate6.89%7.42%
1st payment$2,342.47$2,316.83
2nd payment$0.00$0.00
Taxes / mo$98.25$98.25
Insurance / mo$150.00$150.00
MI / mo$0.00$68.40
HOA / mo$0.00$0.00
Total monthly$2,590.72$2,633.48
Cash to close$33,697$38,000