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$377,226$377,910
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,886$0
Note rate6.180%7.320%
Blended rate6.180%7.560%
1st payment$2,379.53$2,595.98
2nd payment$0.00$0.00
Taxes / mo$258.17$258.17
Insurance / mo$150.00$150.00
MI / mo$0.00$75.58
HOA / mo$4.17$4.17
Total monthly$2,791.87$3,083.90
Cash to close$42,674$41,990