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$394,755$369,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,974$0
Note rate6.670%7.400%
Blended rate6.670%7.640%
1st payment$2,616.60$2,554.88
2nd payment$0.00$0.00
Taxes / mo$118.94$118.94
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$0.00$0.00
Total monthly$2,885.54$2,897.62
Cash to close$15,245$41,000