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$441,147$414,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$2,206$0
Note rate6.670%7.400%
Blended rate6.670%7.640%
1st payment$2,871.61$2,866.45
2nd payment$0.00$0.00
Taxes / mo$154.71$154.71
Insurance / mo$166.67$166.67
MI / mo$0.00$82.80
HOA / mo$24.00$24.00
Total monthly$3,216.99$3,294.63
Cash to close$18,853$46,000