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$429,925$409,500
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$2,150$0
Note rate6.320%7.320%
Blended rate6.320%7.560%
1st payment$2,723.17$2,812.98
2nd payment$0.00$0.00
Taxes / mo$485.58$485.58
Insurance / mo$166.67$166.67
MI / mo$0.00$81.90
HOA / mo$33.33$33.33
Total monthly$3,408.75$3,580.46
Cash to close$25,075$45,500