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$382,850$341,910
Remaining term (yrs)24.530.0
Secondary amount$0$0
Funding fee$1,914$0
Note rate3.100%7.400%
Blended rate3.100%7.640%
1st payment$1,856.12$2,367.32
2nd payment$0.00$0.00
Taxes / mo$242.12$242.12
Insurance / mo$150.00$150.00
MI / mo$0.00$68.38
HOA / mo$0.00$0.00
Total monthly$2,248.24$2,827.82
Cash to close$0$37,990