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$518,009$512,100
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$2,590$0
Note rate6.180%7.400%
Blended rate6.180%7.640%
1st payment$3,187.72$3,545.68
2nd payment$0.00$0.00
Taxes / mo$245.00$245.00
Insurance / mo$166.67$166.67
MI / mo$0.00$102.42
HOA / mo$0.00$0.00
Total monthly$3,599.39$4,059.76
Cash to close$50,991$56,900