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$432,806$413,999
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$2,164$0
Note rate6.31%7.11%
Blended rate6.31%7.35%
1st payment$2,811.96$2,785.00
2nd payment$0.00$0.00
Taxes / mo$369.83$369.83
Insurance / mo$166.67$166.67
MI / mo$0.00$82.80
HOA / mo$58.00$58.00
Total monthly$3,406.46$3,462.30
Cash to close$27,193$46,000