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$412,228$395,910
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$2,061$0
Note rate6.81%7.11%
Blended rate6.81%7.35%
1st payment$2,726.38$2,663.31
2nd payment$0.00$0.00
Taxes / mo$358.75$358.75
Insurance / mo$150.00$150.00
MI / mo$0.00$79.18
HOA / mo$560.00$560.00
Total monthly$3,795.13$3,811.24
Cash to close$27,672$43,990