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$359,393$359,100
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,797$0
Note rate6.120%7.400%
Blended rate6.120%7.640%
1st payment$2,286.44$2,486.34
2nd payment$0.00$0.00
Taxes / mo$280.42$280.42
Insurance / mo$150.00$150.00
MI / mo$0.00$71.82
HOA / mo$41.67$41.67
Total monthly$2,758.52$3,030.24
Cash to close$39,607$39,900