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$448,534$422,100
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$2,243$0
Note rate5.100%7.400%
Blended rate5.100%7.640%
1st payment$2,606.16$2,922.54
2nd payment$0.00$0.00
Taxes / mo$113.17$113.17
Insurance / mo$166.67$166.67
MI / mo$0.00$84.42
HOA / mo$38.00$38.00
Total monthly$2,923.99$3,324.79
Cash to close$20,466$46,900