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$453,827$413,100
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$2,269$0
Note rate6.37%7.24%
Blended rate6.37%7.48%
1st payment$2,845.85$2,815.27
2nd payment$0.00$0.00
Taxes / mo$323.42$323.42
Insurance / mo$166.67$166.67
MI / mo$0.00$82.62
HOA / mo$25.00$25.00
Total monthly$3,360.93$3,412.97
Cash to close$5,173$45,900