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$405,615$387,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$2,028$0
Note rate5.100%7.400%
Blended rate5.100%7.640%
1st payment$2,356.78$2,679.51
2nd payment$0.00$0.00
Taxes / mo$114.26$114.26
Insurance / mo$150.00$150.00
MI / mo$0.00$77.40
HOA / mo$0.00$0.00
Total monthly$2,621.04$3,021.17
Cash to close$24,385$43,000