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$496,161$439,200
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$2,481$0
Note rate4.17%7.18%
Blended rate4.17%7.42%
1st payment$2,631.25$2,975.29
2nd payment$0.00$0.00
Taxes / mo$109.08$109.08
Insurance / mo$166.67$166.67
MI / mo$0.00$87.84
HOA / mo$0.00$0.00
Total monthly$2,907.00$3,338.88
Cash to close$0$48,800