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$399,404$391,410
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,997$0
Note rate6.200%7.400%
Blended rate6.200%7.640%
1st payment$2,501.92$2,710.04
2nd payment$0.00$0.00
Taxes / mo$362.42$362.42
Insurance / mo$150.00$150.00
MI / mo$0.00$78.28
HOA / mo$0.00$0.00
Total monthly$3,014.33$3,300.74
Cash to close$35,496$43,490