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$458,314$269,100
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$2,292$0
Note rate0.000%7.400%
Blended rate0.000%7.640%
1st payment$1,273.09$1,863.19
2nd payment$0.00$0.00
Taxes / mo$249.17$249.17
Insurance / mo$150.00$150.00
MI / mo$0.00$53.82
HOA / mo$635.00$635.00
Total monthly$2,307.26$2,951.18
Cash to close$0$29,900