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$423,365$409,500
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$2,117$0
Note rate6.220%7.320%
Blended rate6.220%7.560%
1st payment$2,608.51$2,812.98
2nd payment$0.00$0.00
Taxes / mo$168.17$168.17
Insurance / mo$166.67$166.67
MI / mo$0.00$81.90
HOA / mo$96.00$96.00
Total monthly$3,039.34$3,325.71
Cash to close$31,635$45,500