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$384,693$382,491
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,923$0
Note rate6.200%7.400%
Blended rate6.200%7.640%
1st payment$2,409.77$2,648.29
2nd payment$0.00$0.00
Taxes / mo$354.16$354.16
Insurance / mo$150.00$150.00
MI / mo$0.00$76.50
HOA / mo$27.08$27.08
Total monthly$2,941.00$3,256.03
Cash to close$40,297$42,499