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$366,063$359,100
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$1,830$0
Note rate6.900%7.400%
Blended rate6.900%7.640%
1st payment$2,515.85$2,486.34
2nd payment$0.00$0.00
Taxes / mo$38.67$38.67
Insurance / mo$150.00$150.00
MI / mo$0.00$71.82
HOA / mo$0.00$0.00
Total monthly$2,704.52$2,746.82
Cash to close$32,937$39,900