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$420,767$404,999
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$2,104$0
Note rate3.07%7.24%
Blended rate3.07%7.48%
1st payment$1,997.44$2,760.06
2nd payment$0.00$0.00
Taxes / mo$391.83$391.83
Insurance / mo$150.00$150.00
MI / mo$0.00$81.00
HOA / mo$0.00$0.00
Total monthly$2,539.28$3,382.89
Cash to close$29,232$45,000