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$430,908$422,999
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$2,155$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$2,934.62$2,928.76
2nd payment$0.00$0.00
Taxes / mo$405.25$405.25
Insurance / mo$166.67$166.67
MI / mo$0.00$84.60
HOA / mo$102.67$102.67
Total monthly$3,609.21$3,687.95
Cash to close$39,091$47,000