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$404,957$404,910
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$2,025$0
Note rate6.670%7.320%
Blended rate6.670%7.560%
1st payment$2,701.81$2,781.45
2nd payment$0.00$0.00
Taxes / mo$374.92$374.92
Insurance / mo$150.00$150.00
MI / mo$0.00$80.98
HOA / mo$0.00$0.00
Total monthly$3,226.73$3,387.35
Cash to close$44,943$44,990