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$382,232$355,050
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,911$0
Note rate5.750%7.400%
Blended rate5.750%7.640%
1st payment$2,299.63$2,458.29
2nd payment$0.00$0.00
Taxes / mo$140.25$140.25
Insurance / mo$150.00$150.00
MI / mo$0.00$71.01
HOA / mo$115.00$115.00
Total monthly$2,704.88$2,934.55
Cash to close$12,268$39,450