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$462,228$405,000
Remaining term (yrs)24.530.0
Secondary amount$0$0
Funding fee$2,311$0
Note rate3.08%7.24%
Blended rate3.08%7.48%
1st payment$2,236.14$2,760.07
2nd payment$0.00$0.00
Taxes / mo$541.08$541.08
Insurance / mo$150.00$150.00
MI / mo$0.00$81.00
HOA / mo$108.33$108.33
Total monthly$3,035.55$3,640.48
Cash to close$0$45,000