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$360,798$364,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,804$0
Note rate4%7.24%
Blended rate4%7.48%
1st payment$1,858.51$2,484.06
2nd payment$0.00$0.00
Taxes / mo$108.17$108.17
Insurance / mo$150.00$150.00
MI / mo$0.00$72.90
HOA / mo$0.00$0.00
Total monthly$2,116.68$2,815.13
Cash to close$44,202$40,500