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$484,339$476,910
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$2,422$0
Note rate2.6%7.24%
Blended rate2.6%7.48%
1st payment$2,181.85$3,250.13
2nd payment$0.00$0.00
Taxes / mo$538.92$538.92
Insurance / mo$166.67$166.67
MI / mo$0.00$95.38
HOA / mo$96.67$96.67
Total monthly$2,984.10$4,147.77
Cash to close$45,561$52,990