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$335,096$323,910
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$1,675$0
Note rate3.01%7.24%
Blended rate3.01%7.48%
1st payment$1,587.26$2,207.44
2nd payment$0.00$0.00
Taxes / mo$271.83$271.83
Insurance / mo$150.00$150.00
MI / mo$0.00$64.78
HOA / mo$430.00$430.00
Total monthly$2,439.09$3,124.06
Cash to close$24,804$35,990