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$446,763$445,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,234$0
Note rate5.220%7.400%
Blended rate5.220%7.640%
1st payment$2,619.65$3,084.55
2nd payment$0.00$0.00
Taxes / mo$418.17$418.17
Insurance / mo$166.67$166.67
MI / mo$0.00$89.10
HOA / mo$57.00$57.00
Total monthly$3,261.49$3,815.49
Cash to close$48,237$49,500