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$423,361$404,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,117$0
Note rate6.200%7.320%
Blended rate6.200%7.560%
1st payment$2,651.99$2,775.89
2nd payment$0.00$0.00
Taxes / mo$169.17$169.17
Insurance / mo$150.00$150.00
MI / mo$0.00$80.82
HOA / mo$0.00$0.00
Total monthly$2,971.16$3,175.87
Cash to close$25,639$44,900