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$481,718$468,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,409$0
Note rate5.540%7.400%
Blended rate5.540%7.640%
1st payment$2,917.09$3,240.34
2nd payment$0.00$0.00
Taxes / mo$433.33$433.33
Insurance / mo$166.67$166.67
MI / mo$0.00$93.60
HOA / mo$500.00$500.00
Total monthly$4,017.09$4,433.94
Cash to close$38,282$52,000