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$484,423$463,050
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$2,422$0
Note rate6.840%7.400%
Blended rate6.840%7.640%
1st payment$3,207.50$3,206.06
2nd payment$0.00$0.00
Taxes / mo$789.58$789.58
Insurance / mo$166.67$166.67
MI / mo$0.00$92.61
HOA / mo$0.00$0.00
Total monthly$4,163.75$4,254.92
Cash to close$30,077$51,450