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$393,942$387,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,970$0
Note rate5.81%7.18%
Blended rate5.81%7.42%
1st payment$2,463.96$2,621.67
2nd payment$0.00$0.00
Taxes / mo$138.08$138.08
Insurance / mo$150.00$150.00
MI / mo$0.00$77.40
HOA / mo$0.00$0.00
Total monthly$2,752.04$2,987.16
Cash to close$36,058$43,000