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$390,236$386,910
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$1,951$0
Note rate2.870%7.400%
Blended rate2.870%7.640%
1st payment$1,811.91$2,678.89
2nd payment$0.00$0.00
Taxes / mo$358.25$358.25
Insurance / mo$150.00$150.00
MI / mo$0.00$77.38
HOA / mo$0.00$0.00
Total monthly$2,320.16$3,264.52
Cash to close$39,664$42,990