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$503,910$494,910
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$2,520$0
Note rate4.420%7.400%
Blended rate4.420%7.640%
1st payment$2,738.63$3,426.66
2nd payment$0.00$0.00
Taxes / mo$267.83$267.83
Insurance / mo$166.67$166.67
MI / mo$0.00$98.98
HOA / mo$250.00$250.00
Total monthly$3,423.13$4,210.14
Cash to close$45,990$54,990