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$385,515$381,600
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$1,928$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$2,426.72$2,642.12
2nd payment$0.00$0.00
Taxes / mo$53.08$53.08
Insurance / mo$150.00$150.00
MI / mo$0.00$76.32
HOA / mo$0.00$0.00
Total monthly$2,629.80$2,921.52
Cash to close$38,485$42,400