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$451,253$423,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$2,256$0
Note rate3.760%7.400%
Blended rate3.760%7.640%
1st payment$2,290.60$2,928.77
2nd payment$0.00$0.00
Taxes / mo$362.00$362.00
Insurance / mo$166.67$166.67
MI / mo$0.00$84.60
HOA / mo$0.00$0.00
Total monthly$2,819.27$3,542.03
Cash to close$18,747$47,000