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$409,929$386,100
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$2,050$0
Note rate4.980%7.400%
Blended rate4.980%7.640%
1st payment$2,356.64$2,673.28
2nd payment$0.00$0.00
Taxes / mo$482.00$482.00
Insurance / mo$150.00$150.00
MI / mo$0.00$77.22
HOA / mo$41.67$41.67
Total monthly$3,030.31$3,424.17
Cash to close$19,071$42,900