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$367,684$359,999
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,838$0
Note rate6.320%7.400%
Blended rate6.320%7.640%
1st payment$2,382.42$2,492.56
2nd payment$0.00$0.00
Taxes / mo$103.33$103.33
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$10.00$10.00
Total monthly$2,645.76$2,827.89
Cash to close$32,315$40,000