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$378,109$364,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,891$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$2,532.42$2,523.72
2nd payment$0.00$0.00
Taxes / mo$135.58$135.58
Insurance / mo$150.00$150.00
MI / mo$0.00$72.90
HOA / mo$125.00$125.00
Total monthly$2,943.00$3,007.21
Cash to close$26,891$40,500