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$452,136$449,910
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$2,261$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$2,993.13$3,115.09
2nd payment$0.00$0.00
Taxes / mo$107.58$107.58
Insurance / mo$166.67$166.67
MI / mo$0.00$89.98
HOA / mo$98.00$98.00
Total monthly$3,365.38$3,577.32
Cash to close$47,764$49,990