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$463,275$405,000
Remaining term (yrs)24.530.0
Secondary amount$0$0
Funding fee$2,316$0
Note rate3.080%7.320%
Blended rate3.080%7.560%
1st payment$2,236.14$2,782.07
2nd payment$0.00$0.00
Taxes / mo$541.08$541.08
Insurance / mo$150.00$150.00
MI / mo$0.00$81.00
HOA / mo$108.33$108.33
Total monthly$3,035.55$3,662.48
Cash to close$0$45,000