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$445,956$418,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$2,230$0
Note rate5.890%7.320%
Blended rate5.890%7.560%
1st payment$2,788.16$2,874.80
2nd payment$0.00$0.00
Taxes / mo$108.17$108.17
Insurance / mo$166.67$166.67
MI / mo$0.00$83.70
HOA / mo$76.00$76.00
Total monthly$3,138.99$3,309.34
Cash to close$19,044$46,500