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$438,464$407,250
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$2,192$0
Note rate4.670%7.400%
Blended rate4.670%7.640%
1st payment$2,441.62$2,819.72
2nd payment$0.00$0.00
Taxes / mo$377.08$377.08
Insurance / mo$166.67$166.67
MI / mo$0.00$81.45
HOA / mo$0.00$0.00
Total monthly$2,985.37$3,444.92
Cash to close$14,036$45,250