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$367,649$360,000
Remaining term (yrs)24.230.0
Secondary amount$0$0
Funding fee$1,838$0
Note rate2.71%7.18%
Blended rate2.71%7.42%
1st payment$1,725.06$2,438.77
2nd payment$0.00$0.00
Taxes / mo$149.75$149.75
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$0.00$0.00
Total monthly$2,024.81$2,810.52
Cash to close$32,351$40,000