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$469,059$449,100
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$2,345$0
Note rate6.560%7.400%
Blended rate6.560%7.640%
1st payment$3,016.64$3,109.48
2nd payment$0.00$0.00
Taxes / mo$295.67$295.67
Insurance / mo$166.67$166.67
MI / mo$0.00$89.82
HOA / mo$57.00$57.00
Total monthly$3,535.97$3,718.63
Cash to close$29,941$49,900