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$368,943$330,300
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,845$0
Note rate5.300%7.400%
Blended rate5.300%7.640%
1st payment$2,190.82$2,286.93
2nd payment$0.00$0.00
Taxes / mo$543.50$543.50
Insurance / mo$150.00$150.00
MI / mo$0.00$66.06
HOA / mo$40.00$40.00
Total monthly$2,924.32$3,086.49
Cash to close$0$36,700