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$491,443$443,700
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$2,457$0
Note rate3.760%7.320%
Blended rate3.760%7.560%
1st payment$2,494.62$3,047.91
2nd payment$0.00$0.00
Taxes / mo$153.08$153.08
Insurance / mo$166.67$166.67
MI / mo$0.00$88.74
HOA / mo$65.00$65.00
Total monthly$2,879.37$3,521.40
Cash to close$1,557$49,300