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$361,617$350,910
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$1,808$0
Note rate6.5%7.18%
Blended rate6.5%7.42%
1st payment$2,298.30$2,377.19
2nd payment$0.00$0.00
Taxes / mo$159.75$159.75
Insurance / mo$150.00$150.00
MI / mo$0.00$70.18
HOA / mo$66.67$66.67
Total monthly$2,674.72$2,823.79
Cash to close$28,283$38,990