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$417,844$395,100
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$2,089$0
Note rate3.990%7.400%
Blended rate3.990%7.640%
1st payment$2,031.33$2,735.59
2nd payment$0.00$0.00
Taxes / mo$371.49$371.49
Insurance / mo$150.00$150.00
MI / mo$0.00$79.02
HOA / mo$12.58$12.58
Total monthly$2,565.40$3,348.68
Cash to close$21,156$43,900