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$461,390$449,100
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$2,307$0
Note rate6.270%7.400%
Blended rate6.270%7.640%
1st payment$2,967.86$3,109.48
2nd payment$0.00$0.00
Taxes / mo$66.89$66.89
Insurance / mo$166.67$166.67
MI / mo$0.00$89.82
HOA / mo$0.00$0.00
Total monthly$3,201.41$3,432.85
Cash to close$37,610$49,900