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$373,490$337,500
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$1,867$0
Note rate5.980%7.320%
Blended rate5.980%7.560%
1st payment$2,243.49$2,318.39
2nd payment$0.00$0.00
Taxes / mo$204.58$204.58
Insurance / mo$150.00$150.00
MI / mo$0.00$67.50
HOA / mo$0.00$0.00
Total monthly$2,598.08$2,740.47
Cash to close$1,510$37,500