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$363,608$340,200
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,818$0
Note rate6.460%7.400%
Blended rate6.460%7.640%
1st payment$2,340.76$2,355.48
2nd payment$0.00$0.00
Taxes / mo$315.00$315.00
Insurance / mo$150.00$150.00
MI / mo$0.00$68.04
HOA / mo$0.00$0.00
Total monthly$2,805.76$2,888.52
Cash to close$14,392$37,800