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$490,210$449,910
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$2,451$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$3,111.18$3,115.09
2nd payment$0.00$0.00
Taxes / mo$243.25$243.25
Insurance / mo$166.67$166.67
MI / mo$0.00$89.98
HOA / mo$44.00$44.00
Total monthly$3,565.10$3,658.98
Cash to close$9,690$49,990