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$494,382$472,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$2,472$0
Note rate5.900%7.320%
Blended rate5.900%7.560%
1st payment$3,069.68$3,245.75
2nd payment$0.00$0.00
Taxes / mo$195.17$195.17
Insurance / mo$166.67$166.67
MI / mo$0.00$94.50
HOA / mo$42.00$42.00
Total monthly$3,473.51$3,744.08
Cash to close$30,618$52,500