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$427,984$388,800
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$2,140$0
Note rate6.350%7.320%
Blended rate6.350%7.560%
1st payment$2,691.36$2,670.79
2nd payment$0.00$0.00
Taxes / mo$187.50$187.50
Insurance / mo$150.00$150.00
MI / mo$0.00$77.76
HOA / mo$121.00$121.00
Total monthly$3,149.86$3,207.05
Cash to close$4,016$43,200