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$509,511$472,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$2,548$0
Note rate6.750%7.400%
Blended rate6.750%7.640%
1st payment$3,340.28$3,271.49
2nd payment$0.00$0.00
Taxes / mo$245.83$245.83
Insurance / mo$166.67$166.67
MI / mo$0.00$94.50
HOA / mo$25.00$25.00
Total monthly$3,777.78$3,803.49
Cash to close$15,489$52,500