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$464,635$449,550
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$2,323$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$3,067.28$3,112.59
2nd payment$0.00$0.00
Taxes / mo$144.10$144.10
Insurance / mo$166.67$166.67
MI / mo$0.00$89.91
HOA / mo$0.00$0.00
Total monthly$3,378.04$3,513.27
Cash to close$34,865$49,950