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$449,974$449,100
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$2,250$0
Note rate6.22%7.18%
Blended rate6.22%7.42%
1st payment$2,783.44$3,042.36
2nd payment$0.00$0.00
Taxes / mo$195.58$195.58
Insurance / mo$166.67$166.67
MI / mo$0.00$89.82
HOA / mo$0.00$0.00
Total monthly$3,145.69$3,494.43
Cash to close$49,026$49,900