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$508,973$481,500
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$2,545$0
Note rate6.460%7.400%
Blended rate6.460%7.640%
1st payment$3,215.49$3,333.81
2nd payment$0.00$0.00
Taxes / mo$11.58$11.58
Insurance / mo$166.67$166.67
MI / mo$0.00$96.30
HOA / mo$99.00$99.00
Total monthly$3,492.74$3,707.36
Cash to close$26,027$53,500