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$393,362$267,300
Remaining term (yrs)24.530.0
Secondary amount$0$0
Funding fee$1,967$0
Note rate2.900%7.400%
Blended rate2.900%7.640%
1st payment$1,866.29$1,850.73
2nd payment$0.00$0.00
Taxes / mo$404.75$404.75
Insurance / mo$150.00$150.00
MI / mo$0.00$53.46
HOA / mo$0.00$0.00
Total monthly$2,421.04$2,458.94
Cash to close$0$29,700