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$426,883$413,100
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$2,134$0
Note rate6.880%7.400%
Blended rate6.880%7.640%
1st payment$2,881.82$2,860.22
2nd payment$0.00$0.00
Taxes / mo$382.50$382.50
Insurance / mo$166.67$166.67
MI / mo$0.00$82.62
HOA / mo$135.00$135.00
Total monthly$3,565.98$3,627.01
Cash to close$32,117$45,900