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$503,576$494,100
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,518$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$3,405.78$3,421.05
2nd payment$0.00$0.00
Taxes / mo$457.50$457.50
Insurance / mo$166.67$166.67
MI / mo$0.00$98.82
HOA / mo$800.00$800.00
Total monthly$4,829.95$4,944.04
Cash to close$45,424$54,900