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$464,406$427,500
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$2,322$0
Note rate2.930%7.400%
Blended rate2.930%7.640%
1st payment$2,195.35$2,959.92
2nd payment$0.00$0.00
Taxes / mo$443.76$443.76
Insurance / mo$166.67$166.67
MI / mo$0.00$85.50
HOA / mo$0.00$0.00
Total monthly$2,805.77$3,655.85
Cash to close$10,594$47,500