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$446,323$414,000
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$2,232$0
Note rate6.19%7.24%
Blended rate6.19%7.48%
1st payment$2,789.93$2,821.40
2nd payment$0.00$0.00
Taxes / mo$305.67$305.67
Insurance / mo$166.67$166.67
MI / mo$0.00$82.80
HOA / mo$0.00$0.00
Total monthly$3,262.26$3,376.54
Cash to close$13,677$46,000