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$500,470$495,000
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$2,502$0
Note rate2.800%7.400%
Blended rate2.800%7.640%
1st payment$2,321.55$3,427.28
2nd payment$0.00$0.00
Taxes / mo$476.92$476.92
Insurance / mo$166.67$166.67
MI / mo$0.00$99.00
HOA / mo$0.00$0.00
Total monthly$2,965.14$4,169.86
Cash to close$49,530$55,000