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$371,802$369,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,859$0
Note rate6.690%7.320%
Blended rate6.690%7.560%
1st payment$2,466.65$2,534.77
2nd payment$0.00$0.00
Taxes / mo$270.58$270.58
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$181.00$181.00
Total monthly$3,068.23$3,210.16
Cash to close$38,198$41,000