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$394,005$347,400
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,970$0
Note rate4.720%7.400%
Blended rate4.720%7.640%
1st payment$2,205.42$2,405.33
2nd payment$0.00$0.00
Taxes / mo$107.88$107.88
Insurance / mo$150.00$150.00
MI / mo$0.00$69.48
HOA / mo$0.00$0.00
Total monthly$2,463.30$2,732.69
Cash to close$0$38,600