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$399,496$360,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,997$0
Note rate5.220%7.400%
Blended rate5.220%7.640%
1st payment$2,338.97$2,492.57
2nd payment$0.00$0.00
Taxes / mo$152.67$152.67
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$200.00$200.00
Total monthly$2,841.64$3,067.23
Cash to close$504$40,000