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$433,349$413,999
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$2,167$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$2,863.40$2,866.45
2nd payment$0.00$0.00
Taxes / mo$150.67$150.67
Insurance / mo$166.67$166.67
MI / mo$0.00$82.80
HOA / mo$0.00$0.00
Total monthly$3,180.73$3,266.58
Cash to close$26,650$46,000