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$356,634$350,910
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$1,783$0
Note rate6.490%7.400%
Blended rate6.490%7.640%
1st payment$2,357.59$2,429.63
2nd payment$0.00$0.00
Taxes / mo$369.67$369.67
Insurance / mo$150.00$150.00
MI / mo$0.00$70.18
HOA / mo$257.00$257.00
Total monthly$3,134.25$3,276.48
Cash to close$33,266$38,990