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$419,990$391,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$2,100$0
Note rate5.780%7.400%
Blended rate5.780%7.640%
1st payment$2,608.20$2,710.67
2nd payment$0.00$0.00
Taxes / mo$342.92$342.92
Insurance / mo$150.00$150.00
MI / mo$0.00$78.30
HOA / mo$57.00$57.00
Total monthly$3,158.11$3,338.88
Cash to close$15,010$43,500