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$356,694$342,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,783$0
Note rate6.870%7.400%
Blended rate6.870%7.640%
1st payment$2,400.81$2,367.94
2nd payment$0.00$0.00
Taxes / mo$763.49$763.49
Insurance / mo$150.00$150.00
MI / mo$0.00$68.40
HOA / mo$0.00$0.00
Total monthly$3,314.30$3,349.83
Cash to close$23,306$38,000