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$512,184$495,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$2,561$0
Note rate4.720%7.400%
Blended rate4.720%7.640%
1st payment$2,871.70$3,427.28
2nd payment$0.00$0.00
Taxes / mo$435.94$435.94
Insurance / mo$166.67$166.67
MI / mo$0.00$99.00
HOA / mo$0.00$0.00
Total monthly$3,474.31$4,128.88
Cash to close$37,816$55,000