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$440,339$436,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,202$0
Note rate6.260%7.320%
Blended rate6.260%7.560%
1st payment$2,740.68$2,998.45
2nd payment$0.00$0.00
Taxes / mo$272.67$272.67
Insurance / mo$166.67$166.67
MI / mo$0.00$87.30
HOA / mo$130.00$130.00
Total monthly$3,310.01$3,655.09
Cash to close$44,661$48,500