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$397,622$368,100
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$1,988$0
Note rate6.090%7.400%
Blended rate6.090%7.640%
1st payment$2,421.40$2,548.65
2nd payment$0.00$0.00
Taxes / mo$135.17$135.17
Insurance / mo$150.00$150.00
MI / mo$0.00$73.62
HOA / mo$0.00$0.00
Total monthly$2,706.56$2,907.44
Cash to close$11,378$40,900