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$380,678$355,407
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,903$0
Note rate6.26%7.18%
Blended rate6.26%7.42%
1st payment$2,455.24$2,407.65
2nd payment$0.00$0.00
Taxes / mo$257.75$257.75
Insurance / mo$150.00$150.00
MI / mo$0.00$71.08
HOA / mo$146.00$146.00
Total monthly$3,008.99$3,032.48
Cash to close$14,219$39,490