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$493,848$449,820
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,469$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$3,102.47$3,114.46
2nd payment$0.00$0.00
Taxes / mo$416.50$416.50
Insurance / mo$166.67$166.67
MI / mo$0.00$89.96
HOA / mo$763.00$763.00
Total monthly$4,448.63$4,550.59
Cash to close$5,952$49,980