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$531,644$508,500
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$2,658$0
Note rate4.000%7.320%
Blended rate4.000%7.560%
1st payment$2,769.01$3,493.04
2nd payment$0.00$0.00
Taxes / mo$441.08$441.08
Insurance / mo$166.67$166.67
MI / mo$0.00$101.70
HOA / mo$10.00$10.00
Total monthly$3,386.76$4,212.49
Cash to close$33,356$56,500