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$345,690$251,100
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,728$0
Note rate3.76%7.24%
Blended rate3.76%7.48%
1st payment$1,758.18$1,711.24
2nd payment$0.00$0.00
Taxes / mo$151.42$151.42
Insurance / mo$150.00$150.00
MI / mo$0.00$50.22
HOA / mo$0.00$0.00
Total monthly$2,059.59$2,062.88
Cash to close$0$27,900