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$496,889$477,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,484$0
Note rate6.350%7.320%
Blended rate6.350%7.560%
1st payment$3,167.04$3,276.66
2nd payment$0.00$0.00
Taxes / mo$100.42$100.42
Insurance / mo$166.67$166.67
MI / mo$0.00$95.40
HOA / mo$65.00$65.00
Total monthly$3,499.12$3,704.14
Cash to close$33,111$53,000