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$377,763$359,100
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$1,889$0
Note rate6.100%7.400%
Blended rate6.100%7.640%
1st payment$2,302.89$2,486.34
2nd payment$0.00$0.00
Taxes / mo$135.33$135.33
Insurance / mo$150.00$150.00
MI / mo$0.00$71.82
HOA / mo$0.00$0.00
Total monthly$2,588.22$2,843.49
Cash to close$21,237$39,900