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$409,461$386,910
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,047$0
Note rate5.540%7.400%
Blended rate5.540%7.640%
1st payment$2,479.53$2,678.89
2nd payment$0.00$0.00
Taxes / mo$339.85$339.85
Insurance / mo$150.00$150.00
MI / mo$0.00$77.38
HOA / mo$0.00$0.00
Total monthly$2,969.37$3,246.11
Cash to close$20,439$42,990