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$471,240$468,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,356$0
Note rate6.920%7.400%
Blended rate6.920%7.640%
1st payment$3,180.90$3,240.34
2nd payment$0.00$0.00
Taxes / mo$298.08$298.08
Insurance / mo$166.67$166.67
MI / mo$0.00$93.60
HOA / mo$0.00$0.00
Total monthly$3,645.65$3,798.69
Cash to close$48,760$52,000