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$415,333$404,991
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$2,077$0
Note rate6.000%7.320%
Blended rate6.000%7.560%
1st payment$2,502.72$2,782.01
2nd payment$0.00$0.00
Taxes / mo$603.83$603.83
Insurance / mo$150.00$150.00
MI / mo$0.00$81.00
HOA / mo$28.33$28.33
Total monthly$3,284.88$3,645.17
Cash to close$34,657$44,999