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$508,498$481,500
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$2,542$0
Note rate6.46%7.18%
Blended rate6.46%7.42%
1st payment$3,215.49$3,261.85
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$3,635.40
Cash to close$26,502$53,500