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$456,247$441,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$2,281$0
Note rate6.92%7.24%
Blended rate6.92%7.48%
1st payment$3,082.73$3,005.41
2nd payment$0.00$0.00
Taxes / mo$228.58$228.58
Insurance / mo$166.67$166.67
MI / mo$0.00$88.20
HOA / mo$0.00$0.00
Total monthly$3,477.98$3,488.86
Cash to close$33,753$49,000