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$476,723$467,100
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$2,384$0
Note rate6.270%7.400%
Blended rate6.270%7.640%
1st payment$2,967.24$3,234.11
2nd payment$0.00$0.00
Taxes / mo$432.50$432.50
Insurance / mo$166.67$166.67
MI / mo$0.00$93.42
HOA / mo$33.33$33.33
Total monthly$3,599.74$3,960.02
Cash to close$42,277$51,900