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$383,260$359,910
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,916$0
Note rate3.690%7.400%
Blended rate3.690%7.640%
1st payment$1,930.81$2,491.94
2nd payment$0.00$0.00
Taxes / mo$273.67$273.67
Insurance / mo$150.00$150.00
MI / mo$0.00$71.98
HOA / mo$79.00$79.00
Total monthly$2,433.48$3,066.59
Cash to close$16,640$39,990