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$421,113$405,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$2,106$0
Note rate6.72%7.18%
Blended rate6.72%7.42%
1st payment$2,755.02$2,743.61
2nd payment$0.00$0.00
Taxes / mo$209.17$209.17
Insurance / mo$150.00$150.00
MI / mo$0.00$81.00
HOA / mo$47.33$47.33
Total monthly$3,161.52$3,231.11
Cash to close$28,887$45,000