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$448,321$436,500
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$2,242$0
Note rate6.380%7.400%
Blended rate6.380%7.640%
1st payment$2,808.89$3,022.24
2nd payment$0.00$0.00
Taxes / mo$516.00$516.00
Insurance / mo$166.67$166.67
MI / mo$0.00$87.30
HOA / mo$25.00$25.00
Total monthly$3,516.55$3,817.20
Cash to close$36,679$48,500