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$392,747$373,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,964$0
Note rate4.420%7.400%
Blended rate4.420%7.640%
1st payment$2,134.49$2,586.04
2nd payment$0.00$0.00
Taxes / mo$470.82$470.82
Insurance / mo$150.00$150.00
MI / mo$0.00$74.70
HOA / mo$80.00$80.00
Total monthly$2,835.31$3,361.56
Cash to close$22,253$41,500