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$543,393$495,000
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$2,717$0
Note rate5.250%7.400%
Blended rate5.250%7.640%
1st payment$3,021.66$3,427.28
2nd payment$0.00$0.00
Taxes / mo$241.58$241.58
Insurance / mo$166.67$166.67
MI / mo$0.00$99.00
HOA / mo$105.00$105.00
Total monthly$3,534.91$4,039.53
Cash to close$6,607$55,000