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$513,712$494,100
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$2,569$0
Note rate6.340%7.400%
Blended rate6.340%7.640%
1st payment$3,327.12$3,421.05
2nd payment$0.00$0.00
Taxes / mo$277.58$277.58
Insurance / mo$166.67$166.67
MI / mo$0.00$98.82
HOA / mo$0.00$0.00
Total monthly$3,771.37$3,964.12
Cash to close$35,288$54,900