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$332,781$324,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,664$0
Note rate6.2%7.18%
Blended rate6.2%7.42%
1st payment$2,086.87$2,194.89
2nd payment$0.00$0.00
Taxes / mo$131.67$131.67
Insurance / mo$150.00$150.00
MI / mo$0.00$64.80
HOA / mo$84.00$84.00
Total monthly$2,452.54$2,625.36
Cash to close$27,219$36,000