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$479,463$467,910
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$2,397$0
Note rate5.780%7.400%
Blended rate5.780%7.640%
1st payment$2,977.53$3,239.71
2nd payment$0.00$0.00
Taxes / mo$193.33$193.33
Insurance / mo$166.67$166.67
MI / mo$0.00$93.58
HOA / mo$121.00$121.00
Total monthly$3,458.53$3,814.30
Cash to close$40,437$51,990