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$472,181$432,000
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$2,361$0
Note rate6.100%7.400%
Blended rate6.100%7.640%
1st payment$2,878.48$2,991.08
2nd payment$0.00$0.00
Taxes / mo$373.67$373.67
Insurance / mo$166.67$166.67
MI / mo$0.00$86.40
HOA / mo$55.00$55.00
Total monthly$3,473.81$3,672.81
Cash to close$7,819$48,000