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$407,955$405,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$2,040$0
Note rate6.25%7.24%
Blended rate6.25%7.48%
1st payment$2,594.44$2,760.07
2nd payment$0.00$0.00
Taxes / mo$172.08$172.08
Insurance / mo$150.00$150.00
MI / mo$0.00$81.00
HOA / mo$59.00$59.00
Total monthly$2,975.52$3,222.15
Cash to close$42,045$45,000