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$412,130$391,499
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$2,061$0
Note rate6.320%7.320%
Blended rate6.320%7.560%
1st payment$2,667.19$2,689.33
2nd payment$0.00$0.00
Taxes / mo$436.67$436.67
Insurance / mo$150.00$150.00
MI / mo$0.00$78.30
HOA / mo$16.67$16.67
Total monthly$3,270.53$3,370.96
Cash to close$22,869$43,500