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$498,140$463,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$2,491$0
Note rate5.810%7.400%
Blended rate5.810%7.640%
1st payment$3,102.65$3,209.18
2nd payment$0.00$0.00
Taxes / mo$351.58$351.58
Insurance / mo$166.67$166.67
MI / mo$0.00$92.70
HOA / mo$25.00$25.00
Total monthly$3,645.90$3,845.13
Cash to close$16,860$51,500