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$359,555$355,410
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$1,798$0
Note rate6.650%7.400%
Blended rate6.650%7.640%
1st payment$2,342.53$2,460.79
2nd payment$0.00$0.00
Taxes / mo$150.75$150.75
Insurance / mo$150.00$150.00
MI / mo$0.00$71.08
HOA / mo$400.00$400.00
Total monthly$3,043.28$3,232.62
Cash to close$35,345$39,490