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$468,362$449,910
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$2,342$0
Note rate3.05%7.18%
Blended rate3.05%7.42%
1st payment$2,223.36$3,047.85
2nd payment$0.00$0.00
Taxes / mo$157.92$157.92
Insurance / mo$166.67$166.67
MI / mo$0.00$89.98
HOA / mo$66.00$66.00
Total monthly$2,613.94$3,528.41
Cash to close$31,538$49,990