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$429,353$382,500
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$2,147$0
Note rate6.170%7.400%
Blended rate6.170%7.640%
1st payment$2,642.04$2,648.35
2nd payment$0.00$0.00
Taxes / mo$356.75$356.75
Insurance / mo$150.00$150.00
MI / mo$0.00$76.50
HOA / mo$130.00$130.00
Total monthly$3,278.79$3,361.60
Cash to close$0$42,500