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$341,043$314,910
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$1,705$0
Note rate6.24%7.18%
Blended rate6.24%7.42%
1st payment$2,116.13$2,133.31
2nd payment$0.00$0.00
Taxes / mo$128.42$128.42
Insurance / mo$150.00$150.00
MI / mo$0.00$62.98
HOA / mo$100.00$100.00
Total monthly$2,494.55$2,574.71
Cash to close$8,857$34,990