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$409,768$378,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$2,049$0
Note rate5.1%7.24%
Blended rate5.1%7.48%
1st payment$2,388.38$2,576.06
2nd payment$0.00$0.00
Taxes / mo$181.50$181.50
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$0.00$0.00
Total monthly$2,719.88$2,983.16
Cash to close$10,232$42,000