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$382,350$378,000
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,912$0
Note rate5.220%7.400%
Blended rate5.220%7.640%
1st payment$2,245.36$2,617.20
2nd payment$0.00$0.00
Taxes / mo$189.33$189.33
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$100.00$100.00
Total monthly$2,684.69$3,132.13
Cash to close$37,650$42,000