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$455,905$422,910
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$2,280$0
Note rate3.500%7.400%
Blended rate3.500%7.640%
1st payment$2,101.30$2,928.14
2nd payment$0.00$0.00
Taxes / mo$107.58$107.58
Insurance / mo$166.67$166.67
MI / mo$0.00$84.58
HOA / mo$95.00$95.00
Total monthly$2,470.55$3,381.98
Cash to close$13,995$46,990