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$382,116$368,550
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$1,911$0
Note rate6.580%7.320%
Blended rate6.580%7.560%
1st payment$2,460.13$2,531.68
2nd payment$0.00$0.00
Taxes / mo$254.00$254.00
Insurance / mo$150.00$150.00
MI / mo$0.00$73.71
HOA / mo$0.00$0.00
Total monthly$2,864.13$3,009.39
Cash to close$27,384$40,950