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$497,906$494,991
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$2,490$0
Note rate6.390%7.400%
Blended rate6.390%7.640%
1st payment$3,236.70$3,427.22
2nd payment$0.00$0.00
Taxes / mo$157.33$157.33
Insurance / mo$166.67$166.67
MI / mo$0.00$99.00
HOA / mo$96.00$96.00
Total monthly$3,656.70$3,946.22
Cash to close$52,084$54,999