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$399,465$391,050
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,997$0
Note rate6.120%7.400%
Blended rate6.120%7.640%
1st payment$2,473.78$2,707.55
2nd payment$0.00$0.00
Taxes / mo$123.67$123.67
Insurance / mo$150.00$150.00
MI / mo$0.00$78.21
HOA / mo$0.00$0.00
Total monthly$2,747.45$3,059.43
Cash to close$35,035$43,450