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$463,003$449,999
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$2,315$0
Note rate6.740%7.400%
Blended rate6.740%7.640%
1st payment$3,032.33$3,115.70
2nd payment$0.00$0.00
Taxes / mo$180.58$180.58
Insurance / mo$166.67$166.67
MI / mo$0.00$90.00
HOA / mo$0.00$0.00
Total monthly$3,379.58$3,552.95
Cash to close$36,996$50,000