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$479,503$477,000
Remaining term (yrs)24.430.0
Secondary amount$0$0
Funding fee$2,398$0
Note rate2.790%7.400%
Blended rate2.790%7.640%
1st payment$2,253.22$3,302.65
2nd payment$0.00$0.00
Taxes / mo$441.67$441.67
Insurance / mo$166.67$166.67
MI / mo$0.00$95.40
HOA / mo$0.00$0.00
Total monthly$2,861.55$4,006.38
Cash to close$50,497$53,000