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$462,612$436,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,313$0
Note rate6.580%7.400%
Blended rate6.580%7.640%
1st payment$2,978.38$3,022.24
2nd payment$0.00$0.00
Taxes / mo$375.92$375.92
Insurance / mo$166.67$166.67
MI / mo$0.00$87.30
HOA / mo$0.00$0.00
Total monthly$3,520.96$3,652.12
Cash to close$22,388$48,500