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$403,975$387,000
Remaining term (yrs)37.730.0
Secondary amount$0$0
Funding fee$2,020$0
Note rate7.030%7.400%
Blended rate7.030%7.640%
1st payment$2,546.16$2,679.51
2nd payment$0.00$0.00
Taxes / mo$202.39$202.39
Insurance / mo$150.00$150.00
MI / mo$0.00$77.40
HOA / mo$0.00$0.00
Total monthly$2,898.55$3,109.30
Cash to close$26,025$43,000