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$384,233$351,000
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,921$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,453.69$2,430.25
2nd payment$0.00$0.00
Taxes / mo$141.58$141.58
Insurance / mo$150.00$150.00
MI / mo$0.00$70.20
HOA / mo$450.00$450.00
Total monthly$3,195.27$3,242.03
Cash to close$5,767$39,000