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$427,332$360,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$2,137$0
Note rate4%7.24%
Blended rate4%7.48%
1st payment$2,225.71$2,453.39
2nd payment$0.00$0.00
Taxes / mo$145.83$145.83
Insurance / mo$150.00$150.00
MI / mo$0.00$72.00
HOA / mo$0.00$0.00
Total monthly$2,521.54$2,821.23
Cash to close$0$40,000