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$387,703$369,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,939$0
Note rate6.32%7.18%
Blended rate6.32%7.42%
1st payment$2,509.11$2,499.73
2nd payment$0.00$0.00
Taxes / mo$215.25$215.25
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$126.00$126.00
Total monthly$3,000.36$3,064.78
Cash to close$22,297$41,000