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$417,533$369,000
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$2,088$0
Note rate6.160%7.320%
Blended rate6.160%7.560%
1st payment$2,561.46$2,534.77
2nd payment$0.00$0.00
Taxes / mo$520.25$520.25
Insurance / mo$150.00$150.00
MI / mo$0.00$73.80
HOA / mo$0.00$0.00
Total monthly$3,231.71$3,278.82
Cash to close$0$41,000