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$369,701$351,000
Remaining term (yrs)24.630.0
Secondary amount$0$0
Funding fee$1,849$0
Note rate2.980%7.400%
Blended rate2.980%7.640%
1st payment$1,761.23$2,430.25
2nd payment$0.00$0.00
Taxes / mo$363.88$363.88
Insurance / mo$150.00$150.00
MI / mo$0.00$70.20
HOA / mo$0.00$0.00
Total monthly$2,275.11$3,014.33
Cash to close$20,299$39,000