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$415,418$395,999
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$2,077$0
Note rate6.5%7.18%
Blended rate6.5%7.42%
1st payment$2,673.96$2,682.64
2nd payment$0.00$0.00
Taxes / mo$136.25$136.25
Insurance / mo$150.00$150.00
MI / mo$0.00$79.20
HOA / mo$0.00$0.00
Total monthly$2,960.21$3,048.09
Cash to close$24,581$44,000