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$388,792$391,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,944$0
Note rate6.930%7.400%
Blended rate6.930%7.640%
1st payment$2,609.40$2,710.67
2nd payment$0.00$0.00
Taxes / mo$190.83$190.83
Insurance / mo$150.00$150.00
MI / mo$0.00$78.30
HOA / mo$0.00$0.00
Total monthly$2,950.23$3,129.80
Cash to close$46,208$43,500