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$495,254$414,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,476$0
Note rate5.100%7.400%
Blended rate5.100%7.640%
1st payment$2,868.73$2,866.45
2nd payment$0.00$0.00
Taxes / mo$421.08$421.08
Insurance / mo$166.67$166.67
MI / mo$0.00$82.80
HOA / mo$0.00$0.00
Total monthly$3,456.48$3,537.00
Cash to close$0$46,000