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$388,977$382,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,945$0
Note rate5.5%7.18%
Blended rate5.5%7.42%
1st payment$2,352.92$2,591.19
2nd payment$0.00$0.00
Taxes / mo$283.17$283.17
Insurance / mo$150.00$150.00
MI / mo$0.00$76.50
HOA / mo$136.00$136.00
Total monthly$2,922.08$3,236.85
Cash to close$36,023$42,500