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$522,144$499,500
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$2,611$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$3,558.31$3,458.44
2nd payment$0.00$0.00
Taxes / mo$462.50$462.50
Insurance / mo$166.67$166.67
MI / mo$0.00$99.90
HOA / mo$701.00$701.00
Total monthly$4,888.48$4,888.50
Cash to close$32,856$55,500