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$353,877$350,100
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,769$0
Note rate4.700%7.320%
Blended rate4.700%7.560%
1st payment$1,912.48$2,404.94
2nd payment$0.00$0.00
Taxes / mo$338.00$338.00
Insurance / mo$150.00$150.00
MI / mo$0.00$70.02
HOA / mo$56.00$56.00
Total monthly$2,456.48$3,018.96
Cash to close$35,123$38,900