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$379,795$373,491
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,899$0
Note rate5.300%7.400%
Blended rate5.300%7.640%
1st payment$2,245.10$2,585.98
2nd payment$0.00$0.00
Taxes / mo$485.92$485.92
Insurance / mo$150.00$150.00
MI / mo$0.00$74.70
HOA / mo$275.00$275.00
Total monthly$3,156.01$3,571.59
Cash to close$35,195$41,499