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$363,324$332,910
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,817$0
Note rate5.250%7.400%
Blended rate5.250%7.640%
1st payment$2,146.64$2,305.00
2nd payment$0.00$0.00
Taxes / mo$198.14$198.14
Insurance / mo$150.00$150.00
MI / mo$0.00$66.58
HOA / mo$5.00$5.00
Total monthly$2,499.78$2,724.73
Cash to close$6,576$36,990