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$580,809$485,100
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$2,904$0
Note rate3.850%7.400%
Blended rate3.850%7.640%
1st payment$2,976.93$3,358.73
2nd payment$0.00$0.00
Taxes / mo$319.75$319.75
Insurance / mo$166.67$166.67
MI / mo$0.00$97.02
HOA / mo$0.00$0.00
Total monthly$3,463.35$3,942.17
Cash to close$0$53,900