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$377,960$359,991
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,890$0
Note rate6.610%7.320%
Blended rate6.610%7.560%
1st payment$2,493.35$2,472.89
2nd payment$0.00$0.00
Taxes / mo$211.24$211.24
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$13.33$13.33
Total monthly$2,867.91$2,919.45
Cash to close$22,030$39,999