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$419,850$403,200
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$2,099$0
Note rate6.540%7.400%
Blended rate6.540%7.640%
1st payment$2,775.74$2,791.68
2nd payment$0.00$0.00
Taxes / mo$373.33$373.33
Insurance / mo$150.00$150.00
MI / mo$0.00$80.64
HOA / mo$171.00$171.00
Total monthly$3,470.07$3,566.65
Cash to close$28,150$44,800