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$357,781$359,991
Remaining term (yrs)24.830.0
Secondary amount$0$0
Funding fee$1,789$0
Note rate2.78%7.18%
Blended rate2.78%7.42%
1st payment$1,659.82$2,438.70
2nd payment$0.00$0.00
Taxes / mo$130.17$130.17
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$97.00$97.00
Total monthly$2,036.99$2,887.87
Cash to close$42,209$39,999