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$497,001$485,910
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$2,485$0
Note rate6.26%7.18%
Blended rate6.26%7.42%
1st payment$3,090.25$3,291.72
2nd payment$0.00$0.00
Taxes / mo$124.67$124.67
Insurance / mo$166.67$166.67
MI / mo$0.00$97.18
HOA / mo$36.00$36.00
Total monthly$3,417.58$3,716.24
Cash to close$42,899$53,990