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$497,359$476,910
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$2,487$0
Note rate5.375%7.400%
Blended rate5.375%7.640%
1st payment$2,888.76$3,302.03
2nd payment$0.00$0.00
Taxes / mo$409.25$409.25
Insurance / mo$166.67$166.67
MI / mo$0.00$95.38
HOA / mo$11.67$11.67
Total monthly$3,476.34$3,985.00
Cash to close$32,541$52,990