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$373,641$360,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,868$0
Note rate5.090%7.400%
Blended rate5.090%7.640%
1st payment$2,168.80$2,492.57
2nd payment$0.00$0.00
Taxes / mo$93.10$93.10
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$0.00$0.00
Total monthly$2,411.90$2,807.67
Cash to close$26,359$40,000