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$453,991$346,500
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$2,270$0
Note rate3.100%7.400%
Blended rate3.100%7.640%
1st payment$2,152.95$2,399.10
2nd payment$0.00$0.00
Taxes / mo$98.17$98.17
Insurance / mo$150.00$150.00
MI / mo$0.00$69.30
HOA / mo$12.50$12.50
Total monthly$2,413.62$2,729.06
Cash to close$0$38,500