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$493,011$467,910
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$2,465$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$3,330.17$3,239.71
2nd payment$0.00$0.00
Taxes / mo$153.50$153.50
Insurance / mo$166.67$166.67
MI / mo$0.00$93.58
HOA / mo$0.00$0.00
Total monthly$3,650.34$3,653.46
Cash to close$26,889$51,990