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$491,395$486,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$2,457$0
Note rate5.220%7.400%
Blended rate5.220%7.640%
1st payment$2,877.02$3,364.97
2nd payment$0.00$0.00
Taxes / mo$101.53$101.53
Insurance / mo$166.67$166.67
MI / mo$0.00$97.20
HOA / mo$0.00$0.00
Total monthly$3,145.22$3,730.36
Cash to close$48,605$54,000