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$374,173$364,410
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$1,871$0
Note rate6.760%7.320%
Blended rate6.760%7.560%
1st payment$2,460.07$2,503.24
2nd payment$0.00$0.00
Taxes / mo$442.58$442.58
Insurance / mo$150.00$150.00
MI / mo$0.00$72.88
HOA / mo$500.00$500.00
Total monthly$3,552.65$3,668.71
Cash to close$30,727$40,490