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$392,753$367,200
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$1,964$0
Note rate6.220%7.400%
Blended rate6.220%7.640%
1st payment$2,419.90$2,542.42
2nd payment$0.00$0.00
Taxes / mo$340.00$340.00
Insurance / mo$150.00$150.00
MI / mo$0.00$73.44
HOA / mo$16.00$16.00
Total monthly$2,925.90$3,121.86
Cash to close$15,247$40,800