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$445,977$427,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$2,230$0
Note rate6.430%7.400%
Blended rate6.430%7.640%
1st payment$2,907.08$2,959.92
2nd payment$0.00$0.00
Taxes / mo$264.67$264.67
Insurance / mo$166.67$166.67
MI / mo$0.00$85.50
HOA / mo$0.00$0.00
Total monthly$3,338.41$3,476.76
Cash to close$29,023$47,500