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$553,006$450,000
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$2,765$0
Note rate0.000%7.400%
Blended rate0.000%7.640%
1st payment$1,536.13$3,115.71
2nd payment$0.00$0.00
Taxes / mo$176.58$176.58
Insurance / mo$166.67$166.67
MI / mo$0.00$90.00
HOA / mo$0.00$0.00
Total monthly$1,879.38$3,548.96
Cash to close$0$50,000