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$360,495$350,100
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$1,802$0
Note rate6.900%7.400%
Blended rate6.900%7.640%
1st payment$2,480.37$2,424.02
2nd payment$0.00$0.00
Taxes / mo$544.88$544.88
Insurance / mo$150.00$150.00
MI / mo$0.00$70.02
HOA / mo$0.00$0.00
Total monthly$3,175.26$3,188.93
Cash to close$28,505$38,900