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$412,893$378,000
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$2,064$0
Note rate6.440%7.400%
Blended rate6.440%7.640%
1st payment$2,644.42$2,617.20
2nd payment$0.00$0.00
Taxes / mo$85.25$85.25
Insurance / mo$150.00$150.00
MI / mo$0.00$75.60
HOA / mo$0.00$0.00
Total monthly$2,879.67$2,928.05
Cash to close$7,107$42,000