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$406,480$404,910
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$2,032$0
Note rate3.450%7.400%
Blended rate3.450%7.640%
1st payment$1,999.06$2,803.52
2nd payment$0.00$0.00
Taxes / mo$435.00$435.00
Insurance / mo$150.00$150.00
MI / mo$0.00$80.98
HOA / mo$0.00$0.00
Total monthly$2,584.06$3,469.50
Cash to close$43,420$44,990