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$381,392$382,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,907$0
Note rate5.300%7.400%
Blended rate5.300%7.640%
1st payment$2,254.54$2,648.35
2nd payment$0.00$0.00
Taxes / mo$193.00$193.00
Insurance / mo$150.00$150.00
MI / mo$0.00$76.50
HOA / mo$0.00$0.00
Total monthly$2,597.54$3,067.85
Cash to close$43,608$42,500