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$437,729$436,500
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$2,189$0
Note rate3.100%7.400%
Blended rate3.100%7.640%
1st payment$2,075.83$3,022.24
2nd payment$0.00$0.00
Taxes / mo$370.75$370.75
Insurance / mo$166.67$166.67
MI / mo$0.00$87.30
HOA / mo$76.00$76.00
Total monthly$2,689.25$3,722.95
Cash to close$47,271$48,500