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$374,931$377,999
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,875$0
Note rate6.730%7.400%
Blended rate6.730%7.640%
1st payment$2,524.35$2,617.19
2nd payment$0.00$0.00
Taxes / mo$172.25$172.25
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$138.00$138.00
Total monthly$2,984.60$3,153.04
Cash to close$45,068$42,000