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$478,461$472,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$2,392$0
Note rate6.600%7.400%
Blended rate6.600%7.640%
1st payment$3,181.55$3,271.49
2nd payment$0.00$0.00
Taxes / mo$430.75$430.75
Insurance / mo$166.67$166.67
MI / mo$0.00$94.50
HOA / mo$55.00$55.00
Total monthly$3,833.97$4,018.41
Cash to close$46,539$52,500