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$391,331$382,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,957$0
Note rate6.670%7.400%
Blended rate6.670%7.640%
1st payment$2,559.65$2,648.35
2nd payment$0.00$0.00
Taxes / mo$389.00$389.00
Insurance / mo$150.00$150.00
MI / mo$0.00$76.50
HOA / mo$47.00$47.00
Total monthly$3,145.65$3,310.85
Cash to close$33,669$42,500