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$369,839$337,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,849$0
Note rate6.290%7.400%
Blended rate6.290%7.640%
1st payment$2,404.20$2,336.78
2nd payment$0.00$0.00
Taxes / mo$391.58$391.58
Insurance / mo$150.00$150.00
MI / mo$0.00$67.50
HOA / mo$54.00$54.00
Total monthly$2,999.78$2,999.87
Cash to close$5,161$37,500