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$367,649$368,100
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$1,838$0
Note rate2.870%7.400%
Blended rate2.870%7.640%
1st payment$1,714.77$2,548.65
2nd payment$0.00$0.00
Taxes / mo$855.50$855.50
Insurance / mo$150.00$150.00
MI / mo$0.00$73.62
HOA / mo$7.08$7.08
Total monthly$2,727.35$3,634.85
Cash to close$41,351$40,900