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$404,310$387,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,022$0
Note rate6.090%7.400%
Blended rate6.090%7.640%
1st payment$2,504.37$2,679.51
2nd payment$0.00$0.00
Taxes / mo$55.33$55.33
Insurance / mo$150.00$150.00
MI / mo$0.00$77.40
HOA / mo$0.00$0.00
Total monthly$2,709.70$2,962.24
Cash to close$25,690$43,000