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$361,955$350,910
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$1,810$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,298.30$2,429.63
2nd payment$0.00$0.00
Taxes / mo$159.75$159.75
Insurance / mo$150.00$150.00
MI / mo$0.00$70.18
HOA / mo$66.67$66.67
Total monthly$2,674.72$2,876.23
Cash to close$27,945$38,990