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$353,451$347,400
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$1,767$0
Note rate6.360%7.400%
Blended rate6.360%7.640%
1st payment$2,304.69$2,405.33
2nd payment$0.00$0.00
Taxes / mo$142.67$142.67
Insurance / mo$150.00$150.00
MI / mo$0.00$69.48
HOA / mo$75.00$75.00
Total monthly$2,672.36$2,842.47
Cash to close$32,549$38,600