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$420,058$404,100
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,100$0
Note rate5.540%7.400%
Blended rate5.540%7.640%
1st payment$2,543.70$2,797.91
2nd payment$0.00$0.00
Taxes / mo$67.42$67.42
Insurance / mo$150.00$150.00
MI / mo$0.00$80.82
HOA / mo$0.00$0.00
Total monthly$2,761.12$3,096.14
Cash to close$28,942$44,900