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$414,570$342,000
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$2,073$0
Note rate3.450%7.400%
Blended rate3.450%7.640%
1st payment$2,038.85$2,367.94
2nd payment$0.00$0.00
Taxes / mo$543.17$543.17
Insurance / mo$150.00$150.00
MI / mo$0.00$68.40
HOA / mo$165.00$165.00
Total monthly$2,897.01$3,294.51
Cash to close$0$38,000