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$386,304$368,910
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,932$0
Note rate6.760%7.320%
Blended rate6.760%7.560%
1st payment$2,547.06$2,534.16
2nd payment$0.00$0.00
Taxes / mo$341.58$341.58
Insurance / mo$150.00$150.00
MI / mo$0.00$73.78
HOA / mo$88.00$88.00
Total monthly$3,126.64$3,187.52
Cash to close$23,596$40,990