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$389,246$391,499
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,946$0
Note rate6.300%7.400%
Blended rate6.300%7.640%
1st payment$2,532.80$2,710.66
2nd payment$0.00$0.00
Taxes / mo$337.92$337.92
Insurance / mo$150.00$150.00
MI / mo$0.00$78.30
HOA / mo$0.00$0.00
Total monthly$3,020.72$3,276.88
Cash to close$45,753$43,500