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$493,253$472,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,466$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$3,098.73$3,271.49
2nd payment$0.00$0.00
Taxes / mo$437.50$437.50
Insurance / mo$166.67$166.67
MI / mo$0.00$94.50
HOA / mo$0.00$0.00
Total monthly$3,702.90$3,970.16
Cash to close$31,747$52,500