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$497,219$468,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$2,486$0
Note rate6.42%7.24%
Blended rate6.42%7.48%
1st payment$3,253.18$3,189.41
2nd payment$0.00$0.00
Taxes / mo$295.00$295.00
Insurance / mo$166.67$166.67
MI / mo$0.00$93.60
HOA / mo$0.00$0.00
Total monthly$3,714.84$3,744.68
Cash to close$22,781$52,000