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$391,358$369,000
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,957$0
Note rate6.790%7.400%
Blended rate6.790%7.640%
1st payment$2,598.09$2,554.88
2nd payment$0.00$0.00
Taxes / mo$55.92$55.92
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$250.00$250.00
Total monthly$3,054.01$3,084.60
Cash to close$18,642$41,000