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$459,239$429,300
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,296$0
Note rate6.120%7.400%
Blended rate6.120%7.640%
1st payment$2,853.36$2,972.39
2nd payment$0.00$0.00
Taxes / mo$125.92$125.92
Insurance / mo$166.67$166.67
MI / mo$0.00$85.86
HOA / mo$28.33$28.33
Total monthly$3,174.27$3,379.16
Cash to close$17,761$47,700