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$384,790$358,200
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$1,924$0
Note rate6.830%7.400%
Blended rate6.830%7.640%
1st payment$2,549.98$2,480.10
2nd payment$0.00$0.00
Taxes / mo$331.67$331.67
Insurance / mo$150.00$150.00
MI / mo$0.00$71.64
HOA / mo$20.83$20.83
Total monthly$3,052.48$3,054.24
Cash to close$13,210$39,800