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$394,812$369,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,974$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,549.17$2,554.88
2nd payment$0.00$0.00
Taxes / mo$164.75$164.75
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$92.00$92.00
Total monthly$2,955.92$3,035.43
Cash to close$15,188$41,000