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$437,773$427,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$2,189$0
Note rate6.570%7.400%
Blended rate6.570%7.640%
1st payment$2,895.97$2,959.92
2nd payment$0.00$0.00
Taxes / mo$430.08$430.08
Insurance / mo$166.67$166.67
MI / mo$0.00$85.50
HOA / mo$0.00$0.00
Total monthly$3,492.72$3,642.17
Cash to close$37,227$47,500