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$397,625$396,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,988$0
Note rate6.390%7.400%
Blended rate6.390%7.640%
1st payment$2,587.85$2,741.82
2nd payment$0.00$0.00
Taxes / mo$123.06$123.06
Insurance / mo$150.00$150.00
MI / mo$0.00$79.20
HOA / mo$70.00$70.00
Total monthly$2,930.91$3,164.08
Cash to close$42,375$44,000