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$392,453$373,410
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,962$0
Note rate6.560%7.400%
Blended rate6.560%7.640%
1st payment$2,521.55$2,585.42
2nd payment$0.00$0.00
Taxes / mo$228.75$228.75
Insurance / mo$150.00$150.00
MI / mo$0.00$74.68
HOA / mo$0.00$0.00
Total monthly$2,900.30$3,038.85
Cash to close$22,447$41,490