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$377,884$355,410
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,889$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,485.78$2,460.79
2nd payment$0.00$0.00
Taxes / mo$169.81$169.81
Insurance / mo$150.00$150.00
MI / mo$0.00$71.08
HOA / mo$0.00$0.00
Total monthly$2,805.59$2,851.68
Cash to close$17,016$39,490