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$430,916$427,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$2,155$0
Note rate6.710%7.400%
Blended rate6.710%7.640%
1st payment$2,886.09$2,959.92
2nd payment$0.00$0.00
Taxes / mo$176.27$176.27
Insurance / mo$166.67$166.67
MI / mo$0.00$85.50
HOA / mo$55.00$55.00
Total monthly$3,284.02$3,443.36
Cash to close$44,084$47,500