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$379,473$378,000
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$1,897$0
Note rate2.990%7.320%
Blended rate2.990%7.560%
1st payment$1,789.53$2,596.60
2nd payment$0.00$0.00
Taxes / mo$218.75$218.75
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$46.00$46.00
Total monthly$2,204.28$3,086.95
Cash to close$40,527$42,000