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$384,051$377,910
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,920$0
Note rate6.240%7.400%
Blended rate6.240%7.640%
1st payment$2,385.38$2,616.57
2nd payment$0.00$0.00
Taxes / mo$192.67$192.67
Insurance / mo$150.00$150.00
MI / mo$0.00$75.58
HOA / mo$55.00$55.00
Total monthly$2,783.05$3,089.82
Cash to close$35,849$41,990