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$449,257$445,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$2,246$0
Note rate7.060%7.400%
Blended rate7.060%7.640%
1st payment$3,076.84$3,084.55
2nd payment$0.00$0.00
Taxes / mo$194.67$194.67
Insurance / mo$166.67$166.67
MI / mo$0.00$89.10
HOA / mo$67.00$67.00
Total monthly$3,505.17$3,601.99
Cash to close$45,743$49,500