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$435,504$404,910
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,178$0
Note rate6.5%7.18%
Blended rate6.5%7.42%
1st payment$2,781.10$2,743.00
2nd payment$0.00$0.00
Taxes / mo$100.33$100.33
Insurance / mo$150.00$150.00
MI / mo$0.00$80.98
HOA / mo$38.00$38.00
Total monthly$3,069.43$3,112.32
Cash to close$14,396$44,990