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$527,147$463,410
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$2,636$0
Note rate6.090%7.320%
Blended rate6.090%7.560%
1st payment$3,210.17$3,183.31
2nd payment$0.00$0.00
Taxes / mo$410.17$410.17
Insurance / mo$166.67$166.67
MI / mo$0.00$92.68
HOA / mo$65.00$65.00
Total monthly$3,852.00$3,917.82
Cash to close$0$51,490