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$432,212$414,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$2,161$0
Note rate5.890%7.400%
Blended rate5.890%7.640%
1st payment$2,705.86$2,866.45
2nd payment$0.00$0.00
Taxes / mo$433.58$433.58
Insurance / mo$166.67$166.67
MI / mo$0.00$82.80
HOA / mo$108.00$108.00
Total monthly$3,414.11$3,657.50
Cash to close$27,788$46,000