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$484,320$463,491
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$2,422$0
Note rate6.260%7.400%
Blended rate6.260%7.640%
1st payment$3,119.87$3,209.12
2nd payment$0.00$0.00
Taxes / mo$406.17$406.17
Insurance / mo$166.67$166.67
MI / mo$0.00$92.70
HOA / mo$57.00$57.00
Total monthly$3,749.70$3,931.65
Cash to close$30,670$51,499