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$397,822$359,910
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,989$0
Note rate5.300%7.400%
Blended rate5.300%7.640%
1st payment$2,351.66$2,491.94
2nd payment$0.00$0.00
Taxes / mo$203.75$203.75
Insurance / mo$150.00$150.00
MI / mo$0.00$71.98
HOA / mo$182.00$182.00
Total monthly$2,887.41$3,099.68
Cash to close$2,078$39,990