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$556,702$499,410
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,784$0
Note rate4.99%7.24%
Blended rate4.99%7.48%
1st payment$3,082.65$3,403.47
2nd payment$0.00$0.00
Taxes / mo$387.25$387.25
Insurance / mo$166.67$166.67
MI / mo$0.00$99.88
HOA / mo$34.00$34.00
Total monthly$3,670.56$4,091.27
Cash to close$0$55,490