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$369,877$366,300
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,849$0
Note rate6.110%7.320%
Blended rate6.110%7.560%
1st payment$2,362.87$2,516.23
2nd payment$0.00$0.00
Taxes / mo$236.42$236.42
Insurance / mo$150.00$150.00
MI / mo$0.00$73.26
HOA / mo$0.00$0.00
Total monthly$2,749.28$2,975.90
Cash to close$37,123$40,700