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$499,392$494,730
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$2,497$0
Note rate6.430%7.400%
Blended rate6.430%7.640%
1st payment$3,262.85$3,425.41
2nd payment$0.00$0.00
Taxes / mo$116.58$116.58
Insurance / mo$166.67$166.67
MI / mo$0.00$98.95
HOA / mo$26.67$26.67
Total monthly$3,572.77$3,834.28
Cash to close$50,308$54,970