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$58,542$76,500
Remaining term (yrs)20.030.0
Secondary amount$0$0
Funding fee$293$0
Note rate3.460%7.400%
Blended rate3.460%7.640%
1st payment$337.35$529.67
2nd payment$0.00$0.00
Taxes / mo$108.25$108.25
Insurance / mo$150.00$150.00
MI / mo$0.00$15.30
HOA / mo$466.00$466.00
Total monthly$1,061.60$1,269.22
Cash to close$26,458$8,500