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$388,395$368,910
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,942$0
Note rate6.5%7.18%
Blended rate6.5%7.42%
1st payment$2,515.63$2,499.12
2nd payment$0.00$0.00
Taxes / mo$333.92$333.92
Insurance / mo$150.00$150.00
MI / mo$0.00$73.78
HOA / mo$0.00$0.00
Total monthly$2,999.55$3,056.82
Cash to close$21,505$40,990