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$376,213$350,100
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,881$0
Note rate5.550%7.400%
Blended rate5.550%7.640%
1st payment$2,277.21$2,424.02
2nd payment$0.00$0.00
Taxes / mo$169.42$169.42
Insurance / mo$150.00$150.00
MI / mo$0.00$70.02
HOA / mo$0.00$0.00
Total monthly$2,596.63$2,813.46
Cash to close$12,787$38,900