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$511,695$478,800
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$2,558$0
Note rate6.020%7.400%
Blended rate6.020%7.640%
1st payment$3,244.52$3,315.11
2nd payment$0.00$0.00
Taxes / mo$116.96$116.96
Insurance / mo$166.67$166.67
MI / mo$0.00$95.76
HOA / mo$0.00$0.00
Total monthly$3,528.14$3,694.50
Cash to close$20,305$53,200