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$463,944$458,910
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$2,320$0
Note rate5.230%7.400%
Blended rate5.230%7.640%
1st payment$2,727.28$3,177.40
2nd payment$0.00$0.00
Taxes / mo$135.42$135.42
Insurance / mo$166.67$166.67
MI / mo$0.00$91.78
HOA / mo$60.00$60.00
Total monthly$3,089.36$3,631.27
Cash to close$45,956$50,990