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$439,050$427,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,195$0
Note rate6.920%7.400%
Blended rate6.920%7.640%
1st payment$2,963.62$2,959.92
2nd payment$0.00$0.00
Taxes / mo$358.97$358.97
Insurance / mo$166.67$166.67
MI / mo$0.00$85.50
HOA / mo$0.00$0.00
Total monthly$3,489.25$3,571.06
Cash to close$35,950$47,500