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$498,333$495,000
Remaining term (yrs)37.630.0
Secondary amount$0$0
Funding fee$2,492$0
Note rate7.1%7.24%
Blended rate7.1%7.48%
1st payment$3,168.69$3,373.42
2nd payment$0.00$0.00
Taxes / mo$470.83$470.83
Insurance / mo$166.67$166.67
MI / mo$0.00$99.00
HOA / mo$0.00$0.00
Total monthly$3,806.19$4,109.92
Cash to close$51,667$55,000