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$469,606$432,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,348$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$2,986.73$2,991.08
2nd payment$0.00$0.00
Taxes / mo$860.58$860.58
Insurance / mo$166.67$166.67
MI / mo$0.00$86.40
HOA / mo$0.00$0.00
Total monthly$4,013.98$4,104.73
Cash to close$10,394$48,000