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$433,413$418,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$2,167$0
Note rate6.870%7.320%
Blended rate6.870%7.560%
1st payment$2,889.02$2,874.80
2nd payment$0.00$0.00
Taxes / mo$261.17$261.17
Insurance / mo$166.67$166.67
MI / mo$0.00$83.70
HOA / mo$0.00$0.00
Total monthly$3,316.85$3,386.34
Cash to close$31,587$46,500