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$381,478$382,499
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,907$0
Note rate6.5%7.18%
Blended rate6.5%7.42%
1st payment$2,468.23$2,591.18
2nd payment$0.00$0.00
Taxes / mo$168.00$168.00
Insurance / mo$150.00$150.00
MI / mo$0.00$76.50
HOA / mo$92.00$92.00
Total monthly$2,878.23$3,077.68
Cash to close$43,521$42,500