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$458,098$441,000
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$2,290$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,936.86$3,053.39
2nd payment$0.00$0.00
Taxes / mo$94.14$94.14
Insurance / mo$166.67$166.67
MI / mo$0.00$88.20
HOA / mo$0.00$0.00
Total monthly$3,197.66$3,402.40
Cash to close$31,902$49,000