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$415,156$404,910
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$2,076$0
Note rate6.770%7.400%
Blended rate6.770%7.640%
1st payment$2,729.70$2,803.52
2nd payment$0.00$0.00
Taxes / mo$149.25$149.25
Insurance / mo$150.00$150.00
MI / mo$0.00$80.98
HOA / mo$20.83$20.83
Total monthly$3,049.78$3,204.58
Cash to close$34,744$44,990