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$494,652$459,000
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,473$0
Note rate6.26%7.18%
Blended rate6.26%7.42%
1st payment$3,081.83$3,109.43
2nd payment$0.00$0.00
Taxes / mo$207.67$207.67
Insurance / mo$166.67$166.67
MI / mo$0.00$91.80
HOA / mo$125.00$125.00
Total monthly$3,581.17$3,700.56
Cash to close$15,348$51,000