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$422,508$359,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$2,113$0
Note rate3.99%7.18%
Blended rate3.99%7.42%
1st payment$2,070.01$2,432.67
2nd payment$0.00$0.00
Taxes / mo$23.00$23.00
Insurance / mo$150.00$150.00
MI / mo$0.00$71.82
HOA / mo$132.00$132.00
Total monthly$2,375.01$2,809.49
Cash to close$0$39,900