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$391,862$390,600
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,959$0
Note rate6.120%7.320%
Blended rate6.120%7.560%
1st payment$2,489.88$2,683.15
2nd payment$0.00$0.00
Taxes / mo$361.67$361.67
Insurance / mo$150.00$150.00
MI / mo$0.00$78.12
HOA / mo$0.00$0.00
Total monthly$3,001.54$3,272.94
Cash to close$42,138$43,400