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$500,816$472,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,504$0
Note rate6.35%7.24%
Blended rate6.35%7.48%
1st payment$3,192.07$3,220.08
2nd payment$0.00$0.00
Taxes / mo$509.25$509.25
Insurance / mo$166.67$166.67
MI / mo$0.00$94.50
HOA / mo$96.67$96.67
Total monthly$3,964.66$4,087.17
Cash to close$24,184$52,500