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$375,384$341,100
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,877$0
Note rate4.620%7.400%
Blended rate4.620%7.640%
1st payment$2,076.04$2,361.71
2nd payment$0.00$0.00
Taxes / mo$174.91$174.91
Insurance / mo$150.00$150.00
MI / mo$0.00$68.22
HOA / mo$130.00$130.00
Total monthly$2,530.95$2,884.83
Cash to close$3,616$37,900