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$441,175$427,410
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$2,206$0
Note rate6.340%7.400%
Blended rate6.340%7.640%
1st payment$2,857.32$2,959.30
2nd payment$0.00$0.00
Taxes / mo$294.04$294.04
Insurance / mo$166.67$166.67
MI / mo$0.00$85.48
HOA / mo$33.00$33.00
Total monthly$3,351.03$3,538.49
Cash to close$33,725$47,490