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$430,418$418,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$2,152$0
Note rate6.720%7.400%
Blended rate6.720%7.640%
1st payment$2,832.13$2,897.61
2nd payment$0.00$0.00
Taxes / mo$133.58$133.58
Insurance / mo$166.67$166.67
MI / mo$0.00$83.70
HOA / mo$37.50$37.50
Total monthly$3,169.88$3,319.06
Cash to close$34,582$46,500