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$431,195$382,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,156$0
Note rate6.260%7.400%
Blended rate6.260%7.640%
1st payment$2,686.48$2,648.35
2nd payment$0.00$0.00
Taxes / mo$123.75$123.75
Insurance / mo$150.00$150.00
MI / mo$0.00$76.50
HOA / mo$24.33$24.33
Total monthly$2,984.56$3,022.93
Cash to close$0$42,500