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$485,281$454,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$2,426$0
Note rate6.340%7.400%
Blended rate6.340%7.640%
1st payment$3,142.98$3,146.87
2nd payment$0.00$0.00
Taxes / mo$548.85$548.85
Insurance / mo$166.67$166.67
MI / mo$0.00$90.90
HOA / mo$31.25$31.25
Total monthly$3,889.75$3,984.53
Cash to close$19,719$50,500