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$449,004$413,100
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,245$0
Note rate6.260%7.400%
Blended rate6.260%7.640%
1st payment$2,794.61$2,860.22
2nd payment$0.00$0.00
Taxes / mo$238.42$238.42
Insurance / mo$166.67$166.67
MI / mo$0.00$82.62
HOA / mo$0.00$0.00
Total monthly$3,199.69$3,347.92
Cash to close$9,996$45,900