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$398,505$360,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,993$0
Note rate4.990%7.400%
Blended rate4.990%7.640%
1st payment$2,278.90$2,492.57
2nd payment$0.00$0.00
Taxes / mo$152.67$152.67
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$200.00$200.00
Total monthly$2,781.56$3,067.23
Cash to close$1,495$40,000