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$359,073$350,991
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,795$0
Note rate6.630%7.400%
Blended rate6.630%7.640%
1st payment$2,370.82$2,430.19
2nd payment$0.00$0.00
Taxes / mo$431.40$431.40
Insurance / mo$150.00$150.00
MI / mo$0.00$70.20
HOA / mo$9.58$9.58
Total monthly$2,961.80$3,091.37
Cash to close$30,917$38,999