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$502,405$499,500
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$2,512$0
Note rate5.75%7.18%
Blended rate5.75%7.42%
1st payment$3,045.28$3,383.79
2nd payment$0.00$0.00
Taxes / mo$158.50$158.50
Insurance / mo$0.00$0.00
MI / mo$0.00$99.90
HOA / mo$99.00$99.00
Total monthly$3,302.78$3,741.19
Cash to close$52,595$55,500