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$494,018$449,999
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,470$0
Note rate6.090%7.400%
Blended rate6.090%7.640%
1st payment$3,060.04$3,115.70
2nd payment$0.00$0.00
Taxes / mo$102.45$102.45
Insurance / mo$166.67$166.67
MI / mo$0.00$90.00
HOA / mo$4.17$4.17
Total monthly$3,333.32$3,478.98
Cash to close$5,981$50,000