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$378,153$373,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,891$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$2,508.78$2,586.04
2nd payment$0.00$0.00
Taxes / mo$371.25$371.25
Insurance / mo$150.00$150.00
MI / mo$0.00$74.70
HOA / mo$0.00$0.00
Total monthly$3,030.03$3,181.99
Cash to close$36,847$41,500