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$403,858$387,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,019$0
Note rate6.09%7.18%
Blended rate6.09%7.42%
1st payment$2,504.37$2,621.67
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$2,904.41
Cash to close$26,142$43,000