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$413,103$400,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$2,066$0
Note rate6.270%7.400%
Blended rate6.270%7.640%
1st payment$2,663.71$2,772.98
2nd payment$0.00$0.00
Taxes / mo$134.83$134.83
Insurance / mo$150.00$150.00
MI / mo$0.00$80.10
HOA / mo$0.00$0.00
Total monthly$2,948.54$3,137.91
Cash to close$31,897$44,500