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$422,897$404,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,114$0
Note rate6.2%7.24%
Blended rate6.2%7.48%
1st payment$2,651.99$2,753.93
2nd payment$0.00$0.00
Taxes / mo$169.17$169.17
Insurance / mo$150.00$150.00
MI / mo$0.00$80.82
HOA / mo$0.00$0.00
Total monthly$2,971.16$3,153.92
Cash to close$26,103$44,900