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$383,564$350,910
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$1,918$0
Note rate6.380%7.320%
Blended rate6.380%7.560%
1st payment$2,403.16$2,410.51
2nd payment$0.00$0.00
Taxes / mo$171.67$171.67
Insurance / mo$150.00$150.00
MI / mo$0.00$70.18
HOA / mo$2.33$2.33
Total monthly$2,727.15$2,804.69
Cash to close$6,336$38,990