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$377,213$378,000
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$1,886$0
Note rate6.300%7.320%
Blended rate6.300%7.560%
1st payment$2,355.19$2,596.60
2nd payment$0.00$0.00
Taxes / mo$246.80$246.80
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$0.00$0.00
Total monthly$2,751.99$3,069.00
Cash to close$42,787$42,000