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$412,754$391,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,064$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,635.82$2,710.67
2nd payment$0.00$0.00
Taxes / mo$251.67$251.67
Insurance / mo$150.00$150.00
MI / mo$0.00$78.30
HOA / mo$69.00$69.00
Total monthly$3,106.49$3,259.63
Cash to close$22,246$43,500