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$384,599$340,110
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,923$0
Note rate3.760%7.400%
Blended rate3.760%7.640%
1st payment$1,952.26$2,354.85
2nd payment$0.00$0.00
Taxes / mo$156.50$156.50
Insurance / mo$150.00$150.00
MI / mo$0.00$68.02
HOA / mo$132.00$132.00
Total monthly$2,390.76$2,861.37
Cash to close$0$37,790