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$375,727$358,200
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,879$0
Note rate3.850%7.400%
Blended rate3.850%7.640%
1st payment$1,922.11$2,480.10
2nd payment$0.00$0.00
Taxes / mo$133.08$133.08
Insurance / mo$150.00$150.00
MI / mo$0.00$71.64
HOA / mo$86.00$86.00
Total monthly$2,291.20$2,920.83
Cash to close$22,273$39,800