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$385,320$387,000
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$1,927$0
Note rate3.07%7.24%
Blended rate3.07%7.48%
1st payment$1,829.17$2,637.40
2nd payment$0.00$0.00
Taxes / mo$203.08$203.08
Insurance / mo$150.00$150.00
MI / mo$0.00$77.40
HOA / mo$435.00$435.00
Total monthly$2,617.25$3,502.88
Cash to close$44,680$43,000