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$378,076$378,000
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,890$0
Note rate6.440%7.400%
Blended rate6.440%7.640%
1st payment$2,423.94$2,617.20
2nd payment$0.00$0.00
Taxes / mo$88.17$88.17
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$75.00$75.00
Total monthly$2,737.10$3,005.96
Cash to close$41,924$42,000