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$355,809$350,010
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,779$0
Note rate5.890%7.400%
Blended rate5.890%7.640%
1st payment$2,227.54$2,423.40
2nd payment$0.00$0.00
Taxes / mo$229.25$229.25
Insurance / mo$150.00$150.00
MI / mo$0.00$70.00
HOA / mo$65.00$65.00
Total monthly$2,671.79$2,937.65
Cash to close$33,091$38,890