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$567,895$490,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$2,839$0
Note rate5.1%7.24%
Blended rate5.1%7.48%
1st payment$3,304.85$3,342.75
2nd payment$0.00$0.00
Taxes / mo$261.08$261.08
Insurance / mo$166.67$166.67
MI / mo$0.00$98.10
HOA / mo$514.00$514.00
Total monthly$4,246.60$4,382.60
Cash to close$0$54,500