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$381,833$359,910
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,909$0
Note rate6.5%7.18%
Blended rate6.5%7.42%
1st payment$2,438.36$2,438.16
2nd payment$0.00$0.00
Taxes / mo$258.17$258.17
Insurance / mo$150.00$150.00
MI / mo$0.00$71.98
HOA / mo$52.00$52.00
Total monthly$2,898.53$2,970.30
Cash to close$18,067$39,990