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$398,282$382,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,991$0
Note rate6.790%7.320%
Blended rate6.790%7.560%
1st payment$2,691.00$2,627.51
2nd payment$0.00$0.00
Taxes / mo$354.17$354.17
Insurance / mo$150.00$150.00
MI / mo$0.00$76.50
HOA / mo$18.67$18.67
Total monthly$3,213.84$3,226.85
Cash to close$26,718$42,500