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$518,628$494,910
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$2,593$0
Note rate6.67%7.18%
Blended rate6.67%7.42%
1st payment$3,388.97$3,352.69
2nd payment$0.00$0.00
Taxes / mo$3.92$3.92
Insurance / mo$166.67$166.67
MI / mo$0.00$98.98
HOA / mo$96.00$96.00
Total monthly$3,655.55$3,718.26
Cash to close$31,272$54,990