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$510,024$481,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$2,550$0
Note rate5.7%7.24%
Blended rate5.7%7.48%
1st payment$3,146.87$3,281.41
2nd payment$0.00$0.00
Taxes / mo$410.17$410.17
Insurance / mo$166.67$166.67
MI / mo$0.00$96.30
HOA / mo$0.00$0.00
Total monthly$3,723.71$3,954.55
Cash to close$24,976$53,500