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$476,723$456,300
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$2,384$0
Note rate6.270%7.320%
Blended rate6.270%7.560%
1st payment$2,967.24$3,134.46
2nd payment$0.00$0.00
Taxes / mo$422.50$422.50
Insurance / mo$166.67$166.67
MI / mo$0.00$91.26
HOA / mo$33.33$33.33
Total monthly$3,589.74$3,848.22
Cash to close$30,277$50,700