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$377,477$359,910
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,887$0
Note rate4.375%7.400%
Blended rate4.375%7.640%
1st payment$2,049.09$2,491.94
2nd payment$0.00$0.00
Taxes / mo$198.83$198.83
Insurance / mo$150.00$150.00
MI / mo$0.00$71.98
HOA / mo$0.00$0.00
Total monthly$2,397.92$2,912.76
Cash to close$22,423$39,990