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$425,932$405,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$2,130$0
Note rate6.610%7.400%
Blended rate6.610%7.640%
1st payment$2,806.77$2,804.14
2nd payment$0.00$0.00
Taxes / mo$368.17$368.17
Insurance / mo$150.00$150.00
MI / mo$0.00$81.00
HOA / mo$57.00$57.00
Total monthly$3,381.94$3,460.30
Cash to close$24,068$45,000