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$447,530$431,100
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$2,238$0
Note rate6.660%7.400%
Blended rate6.660%7.640%
1st payment$3,013.92$2,984.85
2nd payment$0.00$0.00
Taxes / mo$522.58$522.58
Insurance / mo$166.67$166.67
MI / mo$0.00$86.22
HOA / mo$11.25$11.25
Total monthly$3,714.42$3,771.57
Cash to close$31,470$47,900