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$506,149$494,910
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,531$0
Note rate6.780%7.400%
Blended rate6.780%7.640%
1st payment$3,366.82$3,426.66
2nd payment$0.00$0.00
Taxes / mo$223.41$223.41
Insurance / mo$166.67$166.67
MI / mo$0.00$98.98
HOA / mo$0.00$0.00
Total monthly$3,756.90$3,915.72
Cash to close$43,751$54,990