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$364,580$341,775
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,823$0
Note rate6.460%7.320%
Blended rate6.460%7.560%
1st payment$2,347.02$2,347.76
2nd payment$0.00$0.00
Taxes / mo$152.33$152.33
Insurance / mo$150.00$150.00
MI / mo$0.00$68.36
HOA / mo$30.00$30.00
Total monthly$2,679.35$2,748.45
Cash to close$15,170$37,975