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$411,432$377,910
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,057$0
Note rate6.35%7.24%
Blended rate6.35%7.48%
1st payment$2,625.20$2,575.45
2nd payment$0.00$0.00
Taxes / mo$206.58$206.58
Insurance / mo$150.00$150.00
MI / mo$0.00$75.58
HOA / mo$83.33$83.33
Total monthly$3,065.11$3,090.94
Cash to close$8,468$41,990