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$501,332$467,100
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,507$0
Note rate4.990%7.400%
Blended rate4.990%7.640%
1st payment$2,871.41$3,234.11
2nd payment$0.00$0.00
Taxes / mo$311.75$311.75
Insurance / mo$166.67$166.67
MI / mo$0.00$93.42
HOA / mo$22.50$22.50
Total monthly$3,372.32$3,828.44
Cash to close$17,668$51,900