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$399,484$395,100
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,997$0
Note rate5.410%7.400%
Blended rate5.410%7.640%
1st payment$2,387.81$2,735.59
2nd payment$0.00$0.00
Taxes / mo$233.66$233.66
Insurance / mo$150.00$150.00
MI / mo$0.00$79.02
HOA / mo$0.00$0.00
Total monthly$2,771.47$3,198.28
Cash to close$39,516$43,900