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$354,814$324,000
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$1,774$0
Note rate3.1%7.18%
Blended rate3.1%7.42%
1st payment$1,689.93$2,194.89
2nd payment$0.00$0.00
Taxes / mo$144.00$144.00
Insurance / mo$150.00$150.00
MI / mo$0.00$64.80
HOA / mo$70.00$70.00
Total monthly$2,053.93$2,623.69
Cash to close$5,186$36,000