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$340,165$269,910
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$1,701$0
Note rate0.000%7.240%
Blended rate0.000%7.480%
1st payment$944.90$1,839.43
2nd payment$0.00$0.00
Taxes / mo$127.17$127.17
Insurance / mo$150.00$150.00
MI / mo$0.00$53.98
HOA / mo$0.00$0.00
Total monthly$1,222.07$2,170.58
Cash to close$0$29,990