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$487,343$469,800
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$2,437$0
Note rate3.450%7.400%
Blended rate3.450%7.640%
1st payment$2,396.74$3,252.80
2nd payment$0.00$0.00
Taxes / mo$435.00$435.00
Insurance / mo$166.67$166.67
MI / mo$0.00$93.96
HOA / mo$0.00$0.00
Total monthly$2,998.41$3,948.43
Cash to close$34,657$52,200