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$460,816$432,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$2,304$0
Note rate6.540%7.400%
Blended rate6.540%7.640%
1st payment$3,046.58$2,991.08
2nd payment$0.00$0.00
Taxes / mo$200.00$200.00
Insurance / mo$166.67$166.67
MI / mo$0.00$86.40
HOA / mo$64.67$64.67
Total monthly$3,477.91$3,508.82
Cash to close$19,184$48,000