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$358,937$346,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,795$0
Note rate5.100%7.400%
Blended rate5.100%7.640%
1st payment$2,082.33$2,399.10
2nd payment$0.00$0.00
Taxes / mo$420.00$420.00
Insurance / mo$150.00$150.00
MI / mo$0.00$69.30
HOA / mo$0.00$0.00
Total monthly$2,652.33$3,038.40
Cash to close$26,063$38,500