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$472,707$449,910
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$2,364$0
Note rate6.2%7.24%
Blended rate6.2%7.48%
1st payment$2,964.35$3,066.13
2nd payment$0.00$0.00
Taxes / mo$116.00$116.00
Insurance / mo$166.67$166.67
MI / mo$0.00$89.98
HOA / mo$16.67$16.67
Total monthly$3,263.69$3,455.45
Cash to close$27,193$49,990