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$376,992$326,700
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$1,885$0
Note rate5.980%7.320%
Blended rate5.980%7.560%
1st payment$2,266.85$2,244.20
2nd payment$0.00$0.00
Taxes / mo$225.17$225.17
Insurance / mo$150.00$150.00
MI / mo$0.00$65.34
HOA / mo$0.00$0.00
Total monthly$2,642.02$2,684.71
Cash to close$0$36,300