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$382,702$359,910
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,914$0
Note rate6.780%7.400%
Blended rate6.780%7.640%
1st payment$2,558.63$2,491.94
2nd payment$0.00$0.00
Taxes / mo$152.50$152.50
Insurance / mo$150.00$150.00
MI / mo$0.00$71.98
HOA / mo$0.00$0.00
Total monthly$2,861.13$2,866.43
Cash to close$17,198$39,990