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$387,620$371,699
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,938$0
Note rate6.820%7.400%
Blended rate6.820%7.640%
1st payment$2,596.30$2,573.57
2nd payment$0.00$0.00
Taxes / mo$38.37$38.37
Insurance / mo$150.00$150.00
MI / mo$0.00$74.34
HOA / mo$0.00$0.00
Total monthly$2,784.67$2,836.28
Cash to close$25,379$41,300