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$402,041$396,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$2,010$0
Note rate6.81%7.18%
Blended rate6.81%7.42%
1st payment$2,724.57$2,682.64
2nd payment$0.00$0.00
Taxes / mo$204.25$204.25
Insurance / mo$150.00$150.00
MI / mo$0.00$79.20
HOA / mo$84.00$84.00
Total monthly$3,162.82$3,200.09
Cash to close$37,959$44,000