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$499,864$485,100
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$2,499$0
Note rate4.990%7.400%
Blended rate4.990%7.640%
1st payment$2,819.74$3,358.73
2nd payment$0.00$0.00
Taxes / mo$157.33$157.33
Insurance / mo$166.67$166.67
MI / mo$0.00$97.02
HOA / mo$55.00$55.00
Total monthly$3,198.74$3,834.75
Cash to close$39,136$53,900