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$436,906$436,410
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,185$0
Note rate6.240%7.320%
Blended rate6.240%7.560%
1st payment$2,713.68$2,997.83
2nd payment$0.00$0.00
Taxes / mo$403.67$403.67
Insurance / mo$166.67$166.67
MI / mo$0.00$87.28
HOA / mo$0.00$0.00
Total monthly$3,284.01$3,655.45
Cash to close$47,994$48,490