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$435,346$432,000
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$2,177$0
Note rate6.460%7.400%
Blended rate6.460%7.640%
1st payment$2,752.92$2,991.08
2nd payment$0.00$0.00
Taxes / mo$117.42$117.42
Insurance / mo$166.67$166.67
MI / mo$0.00$86.40
HOA / mo$21.67$21.67
Total monthly$3,058.67$3,383.23
Cash to close$44,654$48,000