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$465,675$449,100
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,328$0
Note rate6.780%7.400%
Blended rate6.780%7.640%
1st payment$3,097.59$3,109.48
2nd payment$0.00$0.00
Taxes / mo$415.83$415.83
Insurance / mo$166.67$166.67
MI / mo$0.00$89.82
HOA / mo$450.00$450.00
Total monthly$4,130.09$4,231.80
Cash to close$33,325$49,900