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$372,537$359,999
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,863$0
Note rate6.460%7.400%
Blended rate6.460%7.640%
1st payment$2,400.77$2,492.56
2nd payment$0.00$0.00
Taxes / mo$113.00$113.00
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$320.00$320.00
Total monthly$2,983.77$3,147.56
Cash to close$27,462$40,000