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$357,363$332,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,787$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,307.37$2,299.39
2nd payment$0.00$0.00
Taxes / mo$73.92$73.92
Insurance / mo$150.00$150.00
MI / mo$0.00$66.42
HOA / mo$0.00$0.00
Total monthly$2,531.29$2,589.73
Cash to close$11,637$36,900