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$481,069$463,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$2,405$0
Note rate6.620%7.400%
Blended rate6.620%7.640%
1st payment$3,173.21$3,209.18
2nd payment$0.00$0.00
Taxes / mo$668.08$668.08
Insurance / mo$166.67$166.67
MI / mo$0.00$92.70
HOA / mo$69.67$69.67
Total monthly$4,077.63$4,206.30
Cash to close$33,931$51,500