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$501,562$481,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$2,508$0
Note rate6.69%7.18%
Blended rate6.69%7.42%
1st payment$3,331.05$3,261.85
2nd payment$0.00$0.00
Taxes / mo$569.50$569.50
Insurance / mo$166.67$166.67
MI / mo$0.00$96.30
HOA / mo$0.00$0.00
Total monthly$4,067.21$4,094.32
Cash to close$33,438$53,500