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$469,184$454,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$2,346$0
Note rate6.610%7.400%
Blended rate6.610%7.640%
1st payment$3,091.79$3,146.87
2nd payment$0.00$0.00
Taxes / mo$405.87$405.87
Insurance / mo$166.67$166.67
MI / mo$0.00$90.90
HOA / mo$0.00$0.00
Total monthly$3,664.32$3,810.30
Cash to close$35,816$50,500