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$486,337$472,500
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$2,432$0
Note rate2.800%7.400%
Blended rate2.800%7.640%
1st payment$2,255.99$3,271.49
2nd payment$0.00$0.00
Taxes / mo$119.92$119.92
Insurance / mo$166.67$166.67
MI / mo$0.00$94.50
HOA / mo$0.00$0.00
Total monthly$2,542.57$3,652.58
Cash to close$38,663$52,500