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$569,455$495,000
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$2,847$0
Note rate3.45%7.24%
Blended rate3.45%7.48%
1st payment$2,806.30$3,373.42
2nd payment$0.00$0.00
Taxes / mo$391.50$391.50
Insurance / mo$166.67$166.67
MI / mo$0.00$99.00
HOA / mo$348.00$348.00
Total monthly$3,712.47$4,378.58
Cash to close$0$55,000