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$461,069$445,410
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$2,305$0
Note rate6.910%7.400%
Blended rate6.910%7.640%
1st payment$3,091.31$3,083.93
2nd payment$0.00$0.00
Taxes / mo$263.50$263.50
Insurance / mo$166.67$166.67
MI / mo$0.00$89.08
HOA / mo$0.00$0.00
Total monthly$3,521.48$3,603.18
Cash to close$33,831$49,490