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$499,316$495,000
Remaining term (yrs)24.830.0
Secondary amount$0$0
Funding fee$2,497$0
Note rate2.8%7.24%
Blended rate2.8%7.48%
1st payment$2,321.55$3,373.42
2nd payment$0.00$0.00
Taxes / mo$476.92$476.92
Insurance / mo$166.67$166.67
MI / mo$0.00$99.00
HOA / mo$0.00$0.00
Total monthly$2,965.14$4,116.00
Cash to close$50,684$55,000