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$387,294$369,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,936$0
Note rate6.860%7.400%
Blended rate6.860%7.640%
1st payment$2,599.04$2,554.88
2nd payment$0.00$0.00
Taxes / mo$133.33$133.33
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$125.00$125.00
Total monthly$3,007.37$3,037.01
Cash to close$22,706$41,000