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$437,499$427,500
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$2,187$0
Note rate3.1%7.18%
Blended rate3.1%7.42%
1st payment$2,079.23$2,896.03
2nd payment$0.00$0.00
Taxes / mo$171.58$171.58
Insurance / mo$166.67$166.67
MI / mo$0.00$85.50
HOA / mo$176.67$176.67
Total monthly$2,594.15$3,496.45
Cash to close$37,501$47,500