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$434,008$398,700
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$2,170$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,755.82$2,760.52
2nd payment$0.00$0.00
Taxes / mo$158.50$158.50
Insurance / mo$150.00$150.00
MI / mo$0.00$79.74
HOA / mo$59.67$59.67
Total monthly$3,123.99$3,208.43
Cash to close$8,992$44,300