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$351,501$355,500
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$1,758$0
Note rate7.180%7.400%
Blended rate7.180%7.640%
1st payment$2,456.60$2,461.41
2nd payment$0.00$0.00
Taxes / mo$137.67$137.67
Insurance / mo$150.00$150.00
MI / mo$0.00$71.10
HOA / mo$0.00$0.00
Total monthly$2,744.26$2,820.18
Cash to close$43,499$39,500