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$401,361$400,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$2,007$0
Note rate7.100%7.320%
Blended rate7.100%7.560%
1st payment$2,762.05$2,751.16
2nd payment$0.00$0.00
Taxes / mo$42.75$42.75
Insurance / mo$150.00$150.00
MI / mo$0.00$80.10
HOA / mo$0.00$0.00
Total monthly$2,954.80$3,024.01
Cash to close$43,639$44,500