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$411,936$370,800
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$2,060$0
Note rate6.510%7.320%
Blended rate6.510%7.560%
1st payment$2,611.15$2,547.14
2nd payment$0.00$0.00
Taxes / mo$343.33$343.33
Insurance / mo$150.00$150.00
MI / mo$0.00$74.16
HOA / mo$30.00$30.00
Total monthly$3,134.49$3,144.63
Cash to close$64$41,200