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$469,384$418,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,347$0
Note rate5.510%7.320%
Blended rate5.510%7.560%
1st payment$2,833.89$2,874.80
2nd payment$0.00$0.00
Taxes / mo$250.89$250.89
Insurance / mo$166.67$166.67
MI / mo$0.00$83.70
HOA / mo$100.00$100.00
Total monthly$3,351.45$3,476.07
Cash to close$0$46,500