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$413,798$387,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,069$0
Note rate4.990%7.400%
Blended rate4.990%7.640%
1st payment$2,370.05$2,679.51
2nd payment$0.00$0.00
Taxes / mo$474.67$474.67
Insurance / mo$150.00$150.00
MI / mo$0.00$77.40
HOA / mo$88.67$88.67
Total monthly$3,083.39$3,470.25
Cash to close$16,202$43,000