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$356,938$333,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,785$0
Note rate6.390%7.400%
Blended rate6.390%7.640%
1st payment$2,323.05$2,305.62
2nd payment$0.00$0.00
Taxes / mo$308.33$308.33
Insurance / mo$150.00$150.00
MI / mo$0.00$66.60
HOA / mo$0.00$0.00
Total monthly$2,781.38$2,830.56
Cash to close$13,062$37,000