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$497,312$449,910
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$2,487$0
Note rate5.750%7.400%
Blended rate5.750%7.640%
1st payment$2,949.96$3,115.09
2nd payment$0.00$0.00
Taxes / mo$26.92$26.92
Insurance / mo$166.67$166.67
MI / mo$0.00$89.98
HOA / mo$175.00$175.00
Total monthly$3,318.54$3,573.65
Cash to close$2,588$49,990