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$485,076$468,000
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$2,425$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$3,128.74$3,240.34
2nd payment$0.00$0.00
Taxes / mo$64.60$64.60
Insurance / mo$166.67$166.67
MI / mo$0.00$93.60
HOA / mo$0.00$0.00
Total monthly$3,360.01$3,565.21
Cash to close$34,924$52,000