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$513,644$449,910
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,568$0
Note rate5.810%7.400%
Blended rate5.810%7.640%
1st payment$3,194.81$3,115.09
2nd payment$0.00$0.00
Taxes / mo$779.50$779.50
Insurance / mo$166.67$166.67
MI / mo$0.00$89.98
HOA / mo$87.00$87.00
Total monthly$4,227.98$4,238.23
Cash to close$0$49,990