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$411,238$391,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$2,056$0
Note rate3.690%7.400%
Blended rate3.690%7.640%
1st payment$2,071.76$2,710.67
2nd payment$0.00$0.00
Taxes / mo$567.67$567.67
Insurance / mo$150.00$150.00
MI / mo$0.00$78.30
HOA / mo$0.00$0.00
Total monthly$2,789.43$3,506.63
Cash to close$23,762$43,500