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$504,153$450,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$2,521$0
Note rate5.230%7.400%
Blended rate5.230%7.640%
1st payment$2,968.16$3,115.71
2nd payment$0.00$0.00
Taxes / mo$416.67$416.67
Insurance / mo$166.67$166.67
MI / mo$0.00$90.00
HOA / mo$750.00$750.00
Total monthly$4,301.50$4,539.04
Cash to close$0$50,000