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$554,800$526,410
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$2,774$0
Note rate0.000%7.400%
Blended rate0.000%7.640%
1st payment$1,541.11$3,644.76
2nd payment$0.00$0.00
Taxes / mo$195.14$195.14
Insurance / mo$166.67$166.67
MI / mo$0.00$105.28
HOA / mo$0.00$0.00
Total monthly$1,902.92$4,111.85
Cash to close$30,100$58,490