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$363,494$350,730
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,817$0
Note rate6.870%7.400%
Blended rate6.870%7.640%
1st payment$2,449.03$2,428.38
2nd payment$0.00$0.00
Taxes / mo$171.00$171.00
Insurance / mo$150.00$150.00
MI / mo$0.00$70.15
HOA / mo$180.00$180.00
Total monthly$2,950.03$2,999.53
Cash to close$26,206$38,970