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$428,465$418,500
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$2,142$0
Note rate6.490%7.400%
Blended rate6.490%7.640%
1st payment$2,832.43$2,897.61
2nd payment$0.00$0.00
Taxes / mo$122.15$122.15
Insurance / mo$166.67$166.67
MI / mo$0.00$83.70
HOA / mo$0.00$0.00
Total monthly$3,121.25$3,270.13
Cash to close$36,535$46,500