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$335,334$332,910
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$1,677$0
Note rate3.75%7.24%
Blended rate3.75%7.48%
1st payment$1,713.75$2,268.78
2nd payment$0.00$0.00
Taxes / mo$95.50$95.50
Insurance / mo$150.00$150.00
MI / mo$0.00$66.58
HOA / mo$0.00$0.00
Total monthly$1,959.25$2,580.86
Cash to close$34,566$36,990