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$434,907$386,910
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$2,175$0
Note rate5.090%7.400%
Blended rate5.090%7.640%
1st payment$2,528.37$2,678.89
2nd payment$0.00$0.00
Taxes / mo$122.88$122.88
Insurance / mo$150.00$150.00
MI / mo$0.00$77.38
HOA / mo$196.67$196.67
Total monthly$2,997.91$3,225.81
Cash to close$0$42,990