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$479,939$468,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$2,400$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$3,190.84$3,240.34
2nd payment$0.00$0.00
Taxes / mo$289.33$289.33
Insurance / mo$166.67$166.67
MI / mo$0.00$93.60
HOA / mo$16.67$16.67
Total monthly$3,663.51$3,806.61
Cash to close$40,061$52,000