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$445,388$423,900
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$2,227$0
Note rate6.160%7.400%
Blended rate6.160%7.640%
1st payment$2,735.09$2,935.00
2nd payment$0.00$0.00
Taxes / mo$264.42$264.42
Insurance / mo$166.67$166.67
MI / mo$0.00$84.78
HOA / mo$0.00$0.00
Total monthly$3,166.18$3,450.87
Cash to close$25,612$47,100