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$502,497$449,999
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$2,512$0
Note rate2.770%7.400%
Blended rate2.770%7.640%
1st payment$2,312.55$3,115.70
2nd payment$0.00$0.00
Taxes / mo$247.58$247.58
Insurance / mo$166.67$166.67
MI / mo$0.00$90.00
HOA / mo$0.00$0.00
Total monthly$2,726.80$3,619.95
Cash to close$0$50,000