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$435,999$394,200
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$2,180$0
Note rate4.125%7.400%
Blended rate4.125%7.640%
1st payment$2,305.45$2,729.36
2nd payment$0.00$0.00
Taxes / mo$349.00$349.00
Insurance / mo$150.00$150.00
MI / mo$0.00$78.84
HOA / mo$71.33$71.33
Total monthly$2,875.78$3,378.53
Cash to close$2,001$43,800