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$411,301$333,000
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$2,057$0
Note rate3.07%7.18%
Blended rate3.07%7.42%
1st payment$1,956.79$2,255.86
2nd payment$0.00$0.00
Taxes / mo$168.58$168.58
Insurance / mo$150.00$150.00
MI / mo$0.00$66.60
HOA / mo$65.00$65.00
Total monthly$2,340.37$2,706.04
Cash to close$0$37,000