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$488,656$441,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$2,443$0
Note rate4.160%7.400%
Blended rate4.160%7.640%
1st payment$2,583.99$3,053.39
2nd payment$0.00$0.00
Taxes / mo$144.00$144.00
Insurance / mo$166.67$166.67
MI / mo$0.00$88.20
HOA / mo$0.00$0.00
Total monthly$2,894.66$3,452.26
Cash to close$1,344$49,000