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$392,419$369,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,962$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$2,603.43$2,554.88
2nd payment$0.00$0.00
Taxes / mo$230.67$230.67
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$87.00$87.00
Total monthly$3,071.09$3,096.35
Cash to close$17,581$41,000