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$417,593$346,500
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$2,088$0
Note rate3.070%7.400%
Blended rate3.070%7.640%
1st payment$1,978.06$2,399.10
2nd payment$0.00$0.00
Taxes / mo$161.83$161.83
Insurance / mo$150.00$150.00
MI / mo$0.00$69.30
HOA / mo$71.00$71.00
Total monthly$2,360.89$2,851.23
Cash to close$0$38,500