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$498,777$450,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$2,494$0
Note rate3.890%7.400%
Blended rate3.890%7.640%
1st payment$2,567.47$3,115.71
2nd payment$0.00$0.00
Taxes / mo$388.86$388.86
Insurance / mo$166.67$166.67
MI / mo$0.00$90.00
HOA / mo$0.00$0.00
Total monthly$3,122.99$3,761.23
Cash to close$1,223$50,000