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$376,511$373,436
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,883$0
Note rate6.950%7.320%
Blended rate6.950%7.560%
1st payment$2,531.95$2,565.25
2nd payment$0.00$0.00
Taxes / mo$102.67$102.67
Insurance / mo$150.00$150.00
MI / mo$0.00$74.69
HOA / mo$0.00$0.00
Total monthly$2,784.62$2,892.60
Cash to close$38,418$41,493