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$464,487$449,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$2,322$0
Note rate6.32%7.18%
Blended rate6.32%7.42%
1st payment$3,009.66$3,042.36
2nd payment$0.00$0.00
Taxes / mo$152.33$152.33
Insurance / mo$166.67$166.67
MI / mo$0.00$89.82
HOA / mo$51.50$51.50
Total monthly$3,380.16$3,502.68
Cash to close$34,513$49,900