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$470,623$450,000
Remaining term (yrs)29.930.0
Secondary amount$0$0
Funding fee$2,353$0
Note rate5.125%7.24%
Blended rate5.125%7.48%
1st payment$2,562.48$3,066.74
2nd payment$0.00$0.00
Taxes / mo$480.42$480.42
Insurance / mo$166.67$166.67
MI / mo$0.00$90.00
HOA / mo$0.00$0.00
Total monthly$3,209.56$3,803.82
Cash to close$29,377$50,000