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$373,934$364,500
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,870$0
Note rate5.270%7.400%
Blended rate5.270%7.640%
1st payment$2,213.77$2,523.72
2nd payment$0.00$0.00
Taxes / mo$208.33$208.33
Insurance / mo$150.00$150.00
MI / mo$0.00$72.90
HOA / mo$27.50$27.50
Total monthly$2,599.61$2,982.46
Cash to close$31,066$40,500