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$440,119$391,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$2,201$0
Note rate5.660%7.400%
Blended rate5.660%7.640%
1st payment$2,693.42$2,710.67
2nd payment$0.00$0.00
Taxes / mo$285.83$285.83
Insurance / mo$150.00$150.00
MI / mo$0.00$78.30
HOA / mo$34.00$34.00
Total monthly$3,163.25$3,258.80
Cash to close$0$43,500