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$508,820$495,000
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$2,544$0
Note rate2.990%7.400%
Blended rate2.990%7.640%
1st payment$2,421.12$3,427.28
2nd payment$0.00$0.00
Taxes / mo$123.28$123.28
Insurance / mo$166.67$166.67
MI / mo$0.00$99.00
HOA / mo$0.00$0.00
Total monthly$2,711.07$3,816.23
Cash to close$41,180$55,000