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$462,775$460,350
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$2,314$0
Note rate3.450%7.400%
Blended rate3.450%7.640%
1st payment$2,275.92$3,187.37
2nd payment$0.00$0.00
Taxes / mo$426.25$426.25
Insurance / mo$166.67$166.67
MI / mo$0.00$92.07
HOA / mo$0.00$0.00
Total monthly$2,868.83$3,872.36
Cash to close$48,725$51,150