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$457,984$427,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$2,290$0
Note rate5.250%7.400%
Blended rate5.250%7.640%
1st payment$2,581.14$2,959.92
2nd payment$0.00$0.00
Taxes / mo$395.83$395.83
Insurance / mo$166.67$166.67
MI / mo$0.00$85.50
HOA / mo$350.00$350.00
Total monthly$3,493.64$3,957.92
Cash to close$17,016$47,500