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$361,829$356,400
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,809$0
Note rate6.660%7.400%
Blended rate6.660%7.640%
1st payment$2,396.02$2,467.64
2nd payment$0.00$0.00
Taxes / mo$105.67$105.67
Insurance / mo$150.00$150.00
MI / mo$0.00$71.28
HOA / mo$0.00$0.00
Total monthly$2,651.68$2,794.59
Cash to close$34,171$39,600