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$409,508$404,100
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$2,048$0
Note rate5.700%7.400%
Blended rate5.700%7.640%
1st payment$2,523.12$2,797.91
2nd payment$0.00$0.00
Taxes / mo$408.00$408.00
Insurance / mo$150.00$150.00
MI / mo$0.00$80.82
HOA / mo$98.00$98.00
Total monthly$3,179.12$3,534.73
Cash to close$39,492$44,900