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$431,416$427,500
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$2,157$0
Note rate6.620%7.400%
Blended rate6.620%7.640%
1st payment$2,799.53$2,959.92
2nd payment$0.00$0.00
Taxes / mo$886.92$886.92
Insurance / mo$166.67$166.67
MI / mo$0.00$85.50
HOA / mo$0.00$0.00
Total monthly$3,853.11$4,099.01
Cash to close$43,584$47,500