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$489,043$472,410
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$2,445$0
Note rate6.270%7.400%
Blended rate6.270%7.640%
1st payment$3,157.23$3,270.87
2nd payment$0.00$0.00
Taxes / mo$168.08$168.08
Insurance / mo$166.67$166.67
MI / mo$0.00$94.48
HOA / mo$0.00$0.00
Total monthly$3,491.98$3,700.10
Cash to close$35,857$52,490