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$440,455$431,910
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$2,202$0
Note rate4.170%7.400%
Blended rate4.170%7.640%
1st payment$2,331.58$2,990.46
2nd payment$0.00$0.00
Taxes / mo$190.92$190.92
Insurance / mo$166.67$166.67
MI / mo$0.00$86.38
HOA / mo$70.67$70.67
Total monthly$2,759.84$3,505.10
Cash to close$39,445$47,990