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$402,427$391,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$2,012$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$2,721.24$2,710.67
2nd payment$0.00$0.00
Taxes / mo$384.67$384.67
Insurance / mo$150.00$150.00
MI / mo$0.00$78.30
HOA / mo$55.00$55.00
Total monthly$3,310.91$3,378.63
Cash to close$32,573$43,500