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$428,111$388,800
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,141$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$2,733.89$2,691.97
2nd payment$0.00$0.00
Taxes / mo$187.50$187.50
Insurance / mo$150.00$150.00
MI / mo$0.00$77.76
HOA / mo$121.00$121.00
Total monthly$3,192.39$3,228.23
Cash to close$3,889$43,200