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$377,527$323,910
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,888$0
Note rate5.250%7.400%
Blended rate5.250%7.640%
1st payment$2,230.55$2,242.69
2nd payment$0.00$0.00
Taxes / mo$313.92$313.92
Insurance / mo$150.00$150.00
MI / mo$0.00$64.78
HOA / mo$0.00$0.00
Total monthly$2,694.47$2,771.39
Cash to close$0$35,990