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$382,201$359,910
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,911$0
Note rate6.500%7.320%
Blended rate6.500%7.560%
1st payment$2,438.36$2,472.33
2nd payment$0.00$0.00
Taxes / mo$258.17$258.17
Insurance / mo$150.00$150.00
MI / mo$0.00$71.98
HOA / mo$52.00$52.00
Total monthly$2,898.53$3,004.48
Cash to close$17,699$39,990