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$524,375$517,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$2,622$0
Note rate4.420%7.320%
Blended rate4.420%7.560%
1st payment$2,849.86$3,554.87
2nd payment$0.00$0.00
Taxes / mo$250.42$250.42
Insurance / mo$166.67$166.67
MI / mo$0.00$103.50
HOA / mo$40.00$40.00
Total monthly$3,306.94$4,115.45
Cash to close$50,625$57,500