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$417,243$354,600
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$2,086$0
Note rate3.090%7.400%
Blended rate3.090%7.640%
1st payment$1,985.08$2,455.18
2nd payment$0.00$0.00
Taxes / mo$247.67$247.67
Insurance / mo$150.00$150.00
MI / mo$0.00$70.92
HOA / mo$0.00$0.00
Total monthly$2,382.76$2,923.77
Cash to close$0$39,400