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$375,194$346,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,876$0
Note rate5.300%7.400%
Blended rate5.300%7.640%
1st payment$2,221.22$2,399.10
2nd payment$0.00$0.00
Taxes / mo$120.67$120.67
Insurance / mo$150.00$150.00
MI / mo$0.00$69.30
HOA / mo$62.00$62.00
Total monthly$2,553.89$2,801.06
Cash to close$9,806$38,500