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$490,100$333,000
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$2,451$0
Note rate0.000%7.400%
Blended rate0.000%7.640%
1st payment$1,361.39$2,305.62
2nd payment$0.00$0.00
Taxes / mo$175.00$175.00
Insurance / mo$150.00$150.00
MI / mo$0.00$66.60
HOA / mo$246.75$246.75
Total monthly$1,933.14$2,943.97
Cash to close$0$37,000