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$456,868$449,910
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$2,284$0
Note rate3.010%7.400%
Blended rate3.010%7.640%
1st payment$2,159.26$3,115.09
2nd payment$0.00$0.00
Taxes / mo$365.83$365.83
Insurance / mo$166.67$166.67
MI / mo$0.00$89.98
HOA / mo$0.00$0.00
Total monthly$2,691.76$3,737.56
Cash to close$43,032$49,990