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$480,066$472,410
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$2,400$0
Note rate6.440%7.400%
Blended rate6.440%7.640%
1st payment$3,077.82$3,270.87
2nd payment$0.00$0.00
Taxes / mo$437.42$437.42
Insurance / mo$166.67$166.67
MI / mo$0.00$94.48
HOA / mo$0.00$0.00
Total monthly$3,681.91$3,969.44
Cash to close$44,834$52,490