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$506,071$494,910
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$2,530$0
Note rate6.900%7.400%
Blended rate6.900%7.640%
1st payment$3,482.00$3,426.66
2nd payment$0.00$0.00
Taxes / mo$245.58$245.58
Insurance / mo$166.67$166.67
MI / mo$0.00$98.98
HOA / mo$0.00$0.00
Total monthly$3,894.25$3,937.89
Cash to close$43,829$54,990