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$368,132$350,910
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,841$0
Note rate6.940%7.400%
Blended rate6.940%7.640%
1st payment$2,499.63$2,429.63
2nd payment$0.00$0.00
Taxes / mo$339.25$339.25
Insurance / mo$150.00$150.00
MI / mo$0.00$70.18
HOA / mo$0.00$0.00
Total monthly$2,988.88$2,989.06
Cash to close$21,768$38,990