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$386,128$378,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,931$0
Note rate6.280%7.400%
Blended rate6.280%7.640%
1st payment$2,489.18$2,617.20
2nd payment$0.00$0.00
Taxes / mo$182.00$182.00
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$46.00$46.00
Total monthly$2,867.18$3,070.80
Cash to close$33,872$42,000