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$530,660$472,410
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$2,653$0
Note rate3.56%7.24%
Blended rate3.56%7.48%
1st payment$2,646.54$3,219.47
2nd payment$0.00$0.00
Taxes / mo$318.50$318.50
Insurance / mo$166.67$166.67
MI / mo$0.00$94.48
HOA / mo$190.00$190.00
Total monthly$3,321.71$3,989.11
Cash to close$0$52,490