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$382,411$369,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,912$0
Note rate6.690%7.320%
Blended rate6.690%7.560%
1st payment$2,537.03$2,534.77
2nd payment$0.00$0.00
Taxes / mo$341.67$341.67
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$0.00$0.00
Total monthly$3,028.70$3,100.24
Cash to close$27,589$41,000