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$435,444$305,550
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$2,177$0
Note rate2.870%7.400%
Blended rate2.870%7.640%
1st payment$2,035.60$2,115.57
2nd payment$0.00$0.00
Taxes / mo$125.75$125.75
Insurance / mo$150.00$150.00
MI / mo$0.00$61.11
HOA / mo$0.00$0.00
Total monthly$2,311.35$2,452.43
Cash to close$0$33,950