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$444,942$412,200
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$2,225$0
Note rate6.460%7.400%
Blended rate6.460%7.640%
1st payment$2,813.60$2,853.99
2nd payment$0.00$0.00
Taxes / mo$652.08$652.08
Insurance / mo$166.67$166.67
MI / mo$0.00$82.44
HOA / mo$0.00$0.00
Total monthly$3,632.35$3,755.18
Cash to close$13,058$45,800