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$521,379$512,100
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$2,607$0
Note rate6.5%7.18%
Blended rate6.5%7.42%
1st payment$3,441.77$3,469.14
2nd payment$0.00$0.00
Taxes / mo$153.83$153.83
Insurance / mo$166.67$166.67
MI / mo$0.00$102.42
HOA / mo$142.00$142.00
Total monthly$3,904.27$4,034.06
Cash to close$47,621$56,900