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$418,726$391,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$2,094$0
Note rate6.650%7.400%
Blended rate6.650%7.640%
1st payment$2,728.03$2,710.67
2nd payment$0.00$0.00
Taxes / mo$362.50$362.50
Insurance / mo$150.00$150.00
MI / mo$0.00$78.30
HOA / mo$104.17$104.17
Total monthly$3,344.70$3,405.64
Cash to close$16,274$43,500