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$418,384$405,000
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$2,092$0
Note rate6.220%7.400%
Blended rate6.220%7.640%
1st payment$2,577.82$2,804.14
2nd payment$0.00$0.00
Taxes / mo$162.59$162.59
Insurance / mo$150.00$150.00
MI / mo$0.00$81.00
HOA / mo$18.75$18.75
Total monthly$2,909.16$3,216.48
Cash to close$31,616$45,000