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$427,557$388,800
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$2,138$0
Note rate6.35%7.18%
Blended rate6.35%7.42%
1st payment$2,691.36$2,633.87
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$3,170.13
Cash to close$4,443$43,200