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$528,500$495,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,642$0
Note rate6.440%7.320%
Blended rate6.440%7.560%
1st payment$3,391.89$3,400.31
2nd payment$0.00$0.00
Taxes / mo$93.50$93.50
Insurance / mo$166.67$166.67
MI / mo$0.00$99.00
HOA / mo$137.00$137.00
Total monthly$3,789.05$3,896.47
Cash to close$21,500$55,000