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$392,388$359,100
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$1,962$0
Note rate6.060%7.400%
Blended rate6.060%7.640%
1st payment$2,386.85$2,486.34
2nd payment$0.00$0.00
Taxes / mo$332.50$332.50
Insurance / mo$150.00$150.00
MI / mo$0.00$71.82
HOA / mo$450.00$450.00
Total monthly$3,319.35$3,490.66
Cash to close$6,612$39,900