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$327,518$333,000
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,638$0
Note rate6.79%7.24%
Blended rate6.79%7.48%
1st payment$2,215.32$2,269.39
2nd payment$0.00$0.00
Taxes / mo$179.35$179.35
Insurance / mo$150.00$150.00
MI / mo$0.00$66.60
HOA / mo$0.00$0.00
Total monthly$2,544.67$2,665.34
Cash to close$42,482$37,000