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$397,940$269,100
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$1,990$0
Note rate3.100%7.400%
Blended rate3.100%7.640%
1st payment$1,887.14$1,863.19
2nd payment$0.00$0.00
Taxes / mo$174.10$174.10
Insurance / mo$150.00$150.00
MI / mo$0.00$53.82
HOA / mo$0.00$0.00
Total monthly$2,211.24$2,241.11
Cash to close$0$29,900