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$365,728$364,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,829$0
Note rate6.570%7.400%
Blended rate6.570%7.640%
1st payment$2,419.38$2,523.72
2nd payment$0.00$0.00
Taxes / mo$201.25$201.25
Insurance / mo$150.00$150.00
MI / mo$0.00$72.90
HOA / mo$0.00$0.00
Total monthly$2,770.63$2,947.87
Cash to close$39,272$40,500