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$478,413$396,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$2,392$0
Note rate4.420%7.400%
Blended rate4.420%7.640%
1st payment$2,600.06$2,741.82
2nd payment$0.00$0.00
Taxes / mo$190.08$190.08
Insurance / mo$150.00$150.00
MI / mo$0.00$79.20
HOA / mo$92.00$92.00
Total monthly$3,032.15$3,253.11
Cash to close$0$44,000