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$504,124$481,499
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$2,521$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$3,360.08$3,333.80
2nd payment$0.00$0.00
Taxes / mo$94.50$94.50
Insurance / mo$166.67$166.67
MI / mo$0.00$96.30
HOA / mo$240.00$240.00
Total monthly$3,861.24$3,931.27
Cash to close$30,875$53,500