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$435,221$414,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,176$0
Note rate6.770%7.400%
Blended rate6.770%7.640%
1st payment$2,892.18$2,866.45
2nd payment$0.00$0.00
Taxes / mo$383.33$383.33
Insurance / mo$166.67$166.67
MI / mo$0.00$82.80
HOA / mo$15.83$15.83
Total monthly$3,458.01$3,515.08
Cash to close$24,779$46,000