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$374,241$360,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,871$0
Note rate5.230%7.400%
Blended rate5.230%7.640%
1st payment$2,203.31$2,492.57
2nd payment$0.00$0.00
Taxes / mo$93.08$93.08
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$0.00$0.00
Total monthly$2,446.39$2,807.65
Cash to close$25,759$40,000