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$403,433$364,455
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$2,017$0
Note rate6.360%7.400%
Blended rate6.360%7.640%
1st payment$2,522.39$2,523.41
2nd payment$0.00$0.00
Taxes / mo$337.46$337.46
Insurance / mo$150.00$150.00
MI / mo$0.00$72.89
HOA / mo$58.33$58.33
Total monthly$3,068.18$3,142.09
Cash to close$1,517$40,495