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$389,176$377,100
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$1,946$0
Note rate6.480%7.400%
Blended rate6.480%7.640%
1st payment$2,567.17$2,610.96
2nd payment$0.00$0.00
Taxes / mo$115.58$115.58
Insurance / mo$150.00$150.00
MI / mo$0.00$75.42
HOA / mo$115.00$115.00
Total monthly$2,947.75$3,066.97
Cash to close$29,824$41,900