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$420,516$385,200
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,103$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$2,641.78$2,667.05
2nd payment$0.00$0.00
Taxes / mo$84.67$84.67
Insurance / mo$150.00$150.00
MI / mo$0.00$77.04
HOA / mo$0.00$0.00
Total monthly$2,876.45$2,978.75
Cash to close$7,484$42,800