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$456,586$449,910
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$2,283$0
Note rate3.1%7.24%
Blended rate3.1%7.48%
1st payment$2,184.19$3,066.13
2nd payment$0.00$0.00
Taxes / mo$365.83$365.83
Insurance / mo$166.67$166.67
MI / mo$0.00$89.98
HOA / mo$0.00$0.00
Total monthly$2,716.69$3,688.61
Cash to close$43,314$49,990