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$411,789$400,500
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$2,059$0
Note rate6.85%7.24%
Blended rate6.85%7.48%
1st payment$2,734.33$2,729.40
2nd payment$0.00$0.00
Taxes / mo$121.58$121.58
Insurance / mo$150.00$150.00
MI / mo$0.00$80.10
HOA / mo$70.00$70.00
Total monthly$3,075.91$3,151.08
Cash to close$33,211$44,500