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$616,276$432,000
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$3,081$0
Note rate2.790%7.400%
Blended rate2.790%7.640%
1st payment$2,849.02$2,991.08
2nd payment$0.00$0.00
Taxes / mo$137.42$137.42
Insurance / mo$166.67$166.67
MI / mo$0.00$86.40
HOA / mo$0.00$0.00
Total monthly$3,153.11$3,381.56
Cash to close$0$48,000