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$408,985$404,100
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$2,045$0
Note rate5.130%7.400%
Blended rate5.130%7.640%
1st payment$2,372.66$2,797.91
2nd payment$0.00$0.00
Taxes / mo$163.58$163.58
Insurance / mo$150.00$150.00
MI / mo$0.00$80.82
HOA / mo$137.00$137.00
Total monthly$2,823.24$3,329.31
Cash to close$40,015$44,900