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$492,676$467,550
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$2,463$0
Note rate5.520%7.400%
Blended rate5.520%7.640%
1st payment$2,981.79$3,237.22
2nd payment$0.00$0.00
Taxes / mo$277.92$277.92
Insurance / mo$166.67$166.67
MI / mo$0.00$93.51
HOA / mo$167.00$167.00
Total monthly$3,593.38$3,942.32
Cash to close$26,824$51,950