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$362,544$359,550
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,813$0
Note rate3.760%7.400%
Blended rate3.760%7.640%
1st payment$1,840.31$2,489.45
2nd payment$0.00$0.00
Taxes / mo$204.00$204.00
Insurance / mo$150.00$150.00
MI / mo$0.00$71.91
HOA / mo$121.00$121.00
Total monthly$2,315.31$3,036.36
Cash to close$36,956$39,950