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$453,280$405,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$2,266$0
Note rate3.760%7.400%
Blended rate3.760%7.640%
1st payment$2,300.89$2,804.14
2nd payment$0.00$0.00
Taxes / mo$124.50$124.50
Insurance / mo$150.00$150.00
MI / mo$0.00$81.00
HOA / mo$196.00$196.00
Total monthly$2,771.39$3,355.64
Cash to close$0$45,000