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$400,270$391,500
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$2,001$0
Note rate6.230%7.320%
Blended rate6.230%7.560%
1st payment$2,478.56$2,689.33
2nd payment$0.00$0.00
Taxes / mo$362.50$362.50
Insurance / mo$150.00$150.00
MI / mo$0.00$78.30
HOA / mo$0.00$0.00
Total monthly$2,991.06$3,280.13
Cash to close$34,730$43,500