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$378,364$369,000
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$1,892$0
Note rate2.84%7.24%
Blended rate2.84%7.48%
1st payment$1,762.92$2,514.73
2nd payment$0.00$0.00
Taxes / mo$359.92$359.92
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$0.00$0.00
Total monthly$2,272.84$3,098.44
Cash to close$31,636$41,000