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$442,005$409,499
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$2,210$0
Note rate6.760%7.400%
Blended rate6.760%7.640%
1st payment$2,911.54$2,835.29
2nd payment$0.00$0.00
Taxes / mo$511.08$511.08
Insurance / mo$166.67$166.67
MI / mo$0.00$81.90
HOA / mo$12.92$12.92
Total monthly$3,602.21$3,607.86
Cash to close$12,994$45,500