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$462,909$444,600
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$2,315$0
Note rate6.5%7.18%
Blended rate6.5%7.42%
1st payment$2,970.66$3,011.88
2nd payment$0.00$0.00
Taxes / mo$7.58$7.58
Insurance / mo$166.67$166.67
MI / mo$0.00$88.92
HOA / mo$132.00$132.00
Total monthly$3,276.91$3,407.05
Cash to close$31,091$49,400