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$378,582$377,910
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,893$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$2,410.39$2,616.57
2nd payment$0.00$0.00
Taxes / mo$183.87$183.87
Insurance / mo$150.00$150.00
MI / mo$0.00$75.58
HOA / mo$0.00$0.00
Total monthly$2,744.26$3,026.03
Cash to close$41,318$41,990