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$404,230$405,000
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$2,021$0
Note rate2.86%7.18%
Blended rate2.86%7.42%
1st payment$1,883.30$2,743.61
2nd payment$0.00$0.00
Taxes / mo$135.08$135.08
Insurance / mo$150.00$150.00
MI / mo$0.00$81.00
HOA / mo$60.00$60.00
Total monthly$2,228.39$3,169.69
Cash to close$45,770$45,000