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$357,236$359,100
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,786$0
Note rate6.870%7.400%
Blended rate6.870%7.640%
1st payment$2,404.45$2,486.34
2nd payment$0.00$0.00
Taxes / mo$201.42$201.42
Insurance / mo$150.00$150.00
MI / mo$0.00$71.82
HOA / mo$114.00$114.00
Total monthly$2,869.87$3,023.57
Cash to close$41,764$39,900