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$333,350$332,910
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,667$0
Note rate6.300%7.400%
Blended rate6.300%7.640%
1st payment$2,085.48$2,305.00
2nd payment$0.00$0.00
Taxes / mo$102.83$102.83
Insurance / mo$150.00$150.00
MI / mo$0.00$66.58
HOA / mo$0.00$0.00
Total monthly$2,338.31$2,624.42
Cash to close$36,550$36,990