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$374,585$372,600
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,873$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$2,384.94$2,579.81
2nd payment$0.00$0.00
Taxes / mo$102.11$102.11
Insurance / mo$150.00$150.00
MI / mo$0.00$74.52
HOA / mo$0.00$0.00
Total monthly$2,637.05$2,906.44
Cash to close$39,415$41,400