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$410,599$386,100
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$2,053$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$2,747.52$2,673.28
2nd payment$0.00$0.00
Taxes / mo$306.50$306.50
Insurance / mo$150.00$150.00
MI / mo$0.00$77.22
HOA / mo$67.00$67.00
Total monthly$3,271.02$3,274.00
Cash to close$18,401$42,900