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$376,663$373,410
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,883$0
Note rate4.16%7.18%
Blended rate4.16%7.42%
1st payment$1,995.41$2,529.61
2nd payment$0.00$0.00
Taxes / mo$143.33$143.33
Insurance / mo$150.00$150.00
MI / mo$0.00$74.68
HOA / mo$164.67$164.67
Total monthly$2,453.41$3,062.29
Cash to close$38,237$41,490