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$483,467$449,100
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$2,417$0
Note rate5.230%7.400%
Blended rate5.230%7.640%
1st payment$2,846.37$3,109.48
2nd payment$0.00$0.00
Taxes / mo$229.08$229.08
Insurance / mo$166.67$166.67
MI / mo$0.00$89.82
HOA / mo$38.00$38.00
Total monthly$3,280.12$3,633.05
Cash to close$15,533$49,900