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$390,441$382,410
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,952$0
Note rate4.375%7.400%
Blended rate4.375%7.640%
1st payment$2,111.98$2,647.73
2nd payment$0.00$0.00
Taxes / mo$194.33$194.33
Insurance / mo$150.00$150.00
MI / mo$0.00$76.48
HOA / mo$180.00$180.00
Total monthly$2,636.31$3,248.54
Cash to close$34,459$42,490