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$362,136$350,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,811$0
Note rate6.620%7.400%
Blended rate6.620%7.640%
1st payment$2,386.15$2,424.02
2nd payment$0.00$0.00
Taxes / mo$82.25$82.25
Insurance / mo$150.00$150.00
MI / mo$0.00$70.02
HOA / mo$0.00$0.00
Total monthly$2,618.40$2,726.29
Cash to close$26,864$38,900