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$482,620$430,650
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,413$0
Note rate5.240%7.400%
Blended rate5.240%7.640%
1st payment$2,693.63$2,981.73
2nd payment$0.00$0.00
Taxes / mo$124.00$124.00
Insurance / mo$166.67$166.67
MI / mo$0.00$86.13
HOA / mo$45.00$45.00
Total monthly$3,029.30$3,403.53
Cash to close$0$47,850