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$374,281$359,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,871$0
Note rate6.720%7.400%
Blended rate6.720%7.640%
1st payment$2,472.53$2,486.34
2nd payment$0.00$0.00
Taxes / mo$139.08$139.08
Insurance / mo$150.00$150.00
MI / mo$0.00$71.82
HOA / mo$0.00$0.00
Total monthly$2,761.61$2,847.24
Cash to close$24,719$39,900