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$368,684$328,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,843$0
Note rate5.510%7.320%
Blended rate5.510%7.560%
1st payment$2,225.92$2,256.57
2nd payment$0.00$0.00
Taxes / mo$504.08$504.08
Insurance / mo$150.00$150.00
MI / mo$0.00$65.70
HOA / mo$23.58$23.58
Total monthly$2,903.58$2,999.93
Cash to close$0$36,500