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$385,115$382,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,926$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$2,451.98$2,648.35
2nd payment$0.00$0.00
Taxes / mo$372.67$372.67
Insurance / mo$150.00$150.00
MI / mo$0.00$76.50
HOA / mo$62.00$62.00
Total monthly$3,036.65$3,309.52
Cash to close$39,885$42,500