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$394,364$369,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,972$0
Note rate6.080%7.320%
Blended rate6.080%7.560%
1st payment$2,443.00$2,534.77
2nd payment$0.00$0.00
Taxes / mo$38.25$38.25
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$0.00$0.00
Total monthly$2,631.25$2,796.82
Cash to close$15,636$41,000