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$442,048$427,050
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$2,210$0
Note rate3.090%7.320%
Blended rate3.090%7.560%
1st payment$2,103.09$2,933.54
2nd payment$0.00$0.00
Taxes / mo$284.00$284.00
Insurance / mo$166.67$166.67
MI / mo$0.00$85.41
HOA / mo$50.00$50.00
Total monthly$2,603.76$3,519.61
Cash to close$32,452$47,450