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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$484,115$459,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$2,421$0
Note rate0.000%7.400%
Blended rate0.000%7.640%
1st payment$1,344.76$3,178.02
2nd payment$0.00$0.00
Taxes / mo$253.33$253.33
Insurance / mo$166.67$166.67
MI / mo$0.00$91.80
HOA / mo$75.00$75.00
Total monthly$1,839.76$3,764.82
Cash to close$25,885$51,000