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$487,670$472,500
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$2,438$0
Note rate2.870%7.400%
Blended rate2.870%7.640%
1st payment$2,269.42$3,271.49
2nd payment$0.00$0.00
Taxes / mo$437.50$437.50
Insurance / mo$166.67$166.67
MI / mo$0.00$94.50
HOA / mo$647.00$647.00
Total monthly$3,520.59$4,617.16
Cash to close$37,330$52,500