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$514,610$494,100
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$2,573$0
Note rate6.15%7.18%
Blended rate6.15%7.42%
1st payment$3,287.70$3,347.21
2nd payment$0.00$0.00
Taxes / mo$173.25$173.25
Insurance / mo$166.67$166.67
MI / mo$0.00$98.82
HOA / mo$37.33$37.33
Total monthly$3,664.95$3,823.27
Cash to close$34,390$54,900