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$447,512$416,250
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,238$0
Note rate6.090%7.400%
Blended rate6.090%7.640%
1st payment$2,771.97$2,882.03
2nd payment$0.00$0.00
Taxes / mo$218.25$218.25
Insurance / mo$166.67$166.67
MI / mo$0.00$83.25
HOA / mo$142.00$142.00
Total monthly$3,298.89$3,492.20
Cash to close$14,988$46,250