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$397,363$395,742
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$1,987$0
Note rate6.770%7.400%
Blended rate6.770%7.640%
1st payment$2,612.71$2,740.04
2nd payment$0.00$0.00
Taxes / mo$98.67$98.67
Insurance / mo$150.00$150.00
MI / mo$0.00$79.15
HOA / mo$64.00$64.00
Total monthly$2,925.38$3,131.85
Cash to close$42,350$43,971