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$422,549$359,100
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,113$0
Note rate5.300%7.400%
Blended rate5.300%7.640%
1st payment$2,497.83$2,486.34
2nd payment$0.00$0.00
Taxes / mo$372.42$372.42
Insurance / mo$150.00$150.00
MI / mo$0.00$71.82
HOA / mo$20.00$20.00
Total monthly$3,040.25$3,100.57
Cash to close$0$39,900