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$416,178$405,000
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$2,081$0
Note rate6.71%7.18%
Blended rate6.71%7.42%
1st payment$2,790.47$2,743.61
2nd payment$0.00$0.00
Taxes / mo$133.25$133.25
Insurance / mo$150.00$150.00
MI / mo$0.00$81.00
HOA / mo$82.00$82.00
Total monthly$3,155.72$3,189.86
Cash to close$33,822$45,000