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$336,868$342,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,684$0
Note rate5.27%7.24%
Blended rate5.27%7.48%
1st payment$1,997.38$2,330.72
2nd payment$0.00$0.00
Taxes / mo$129.33$129.33
Insurance / mo$150.00$150.00
MI / mo$0.00$68.40
HOA / mo$0.00$0.00
Total monthly$2,276.72$2,678.46
Cash to close$43,132$38,000