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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$393,033$393,750
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,965$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$2,578.44$2,726.25
2nd payment$0.00$0.00
Taxes / mo$158.92$158.92
Insurance / mo$150.00$150.00
MI / mo$0.00$78.75
HOA / mo$120.00$120.00
Total monthly$3,007.36$3,233.91
Cash to close$44,467$43,750