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$414,245$380,691
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$2,071$0
Note rate6.550%7.400%
Blended rate6.550%7.640%
1st payment$2,636.68$2,635.83
2nd payment$0.00$0.00
Taxes / mo$352.49$352.49
Insurance / mo$150.00$150.00
MI / mo$0.00$76.14
HOA / mo$4.33$4.33
Total monthly$3,143.50$3,218.79
Cash to close$8,745$42,299