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$417,705$394,110
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$2,089$0
Note rate6.580%7.320%
Blended rate6.580%7.560%
1st payment$2,785.17$2,707.26
2nd payment$0.00$0.00
Taxes / mo$364.92$364.92
Insurance / mo$150.00$150.00
MI / mo$0.00$78.82
HOA / mo$142.00$142.00
Total monthly$3,442.09$3,443.00
Cash to close$20,195$43,790