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$372,745$364,500
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$1,864$0
Note rate6.420%7.400%
Blended rate6.420%7.640%
1st payment$2,447.58$2,523.72
2nd payment$0.00$0.00
Taxes / mo$458.75$458.75
Insurance / mo$150.00$150.00
MI / mo$0.00$72.90
HOA / mo$120.67$120.67
Total monthly$3,177.00$3,326.04
Cash to close$32,255$40,500