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$421,331$396,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$2,107$0
Note rate6.43%7.24%
Blended rate6.43%7.48%
1st payment$2,756.07$2,698.73
2nd payment$0.00$0.00
Taxes / mo$452.92$452.92
Insurance / mo$150.00$150.00
MI / mo$0.00$79.20
HOA / mo$150.00$150.00
Total monthly$3,508.98$3,530.85
Cash to close$18,669$44,000