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$485,184$481,500
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$2,426$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$3,224.20$3,333.81
2nd payment$0.00$0.00
Taxes / mo$103.08$103.08
Insurance / mo$166.67$166.67
MI / mo$0.00$96.30
HOA / mo$109.00$109.00
Total monthly$3,602.95$3,808.86
Cash to close$49,816$53,500