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$477,293$472,500
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$2,386$0
Note rate6.42%7.18%
Blended rate6.42%7.42%
1st payment$3,134.08$3,200.88
2nd payment$0.00$0.00
Taxes / mo$179.08$179.08
Insurance / mo$166.67$166.67
MI / mo$0.00$94.50
HOA / mo$96.00$96.00
Total monthly$3,575.83$3,737.13
Cash to close$47,707$52,500