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$383,467$359,910
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,917$0
Note rate6.440%7.400%
Blended rate6.440%7.640%
1st payment$2,458.50$2,491.94
2nd payment$0.00$0.00
Taxes / mo$107.58$107.58
Insurance / mo$150.00$150.00
MI / mo$0.00$71.98
HOA / mo$70.00$70.00
Total monthly$2,786.09$2,891.51
Cash to close$16,433$39,990