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$364,778$349,200
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,824$0
Note rate6.540%7.320%
Blended rate6.540%7.560%
1st payment$2,411.64$2,398.76
2nd payment$0.00$0.00
Taxes / mo$252.58$252.58
Insurance / mo$150.00$150.00
MI / mo$0.00$69.84
HOA / mo$145.00$145.00
Total monthly$2,959.22$3,016.19
Cash to close$23,222$38,800