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$414,768$404,910
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$2,074$0
Note rate6.77%7.24%
Blended rate6.77%7.48%
1st payment$2,729.70$2,759.45
2nd payment$0.00$0.00
Taxes / mo$149.25$149.25
Insurance / mo$150.00$150.00
MI / mo$0.00$80.98
HOA / mo$20.83$20.83
Total monthly$3,049.78$3,160.52
Cash to close$35,132$44,990