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$445,802$422,999
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$2,229$0
Note rate6.72%7.24%
Blended rate6.72%7.48%
1st payment$2,942.05$2,882.73
2nd payment$0.00$0.00
Taxes / mo$227.17$227.17
Insurance / mo$166.67$166.67
MI / mo$0.00$84.60
HOA / mo$0.00$0.00
Total monthly$3,335.89$3,361.16
Cash to close$24,197$47,000