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$394,562$378,000
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$1,973$0
Note rate6.300%7.400%
Blended rate6.300%7.640%
1st payment$2,463.51$2,617.20
2nd payment$0.00$0.00
Taxes / mo$99.67$99.67
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$350.00$350.00
Total monthly$3,063.18$3,292.46
Cash to close$25,438$42,000