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$522,684$513,000
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$2,613$0
Note rate2.76%7.18%
Blended rate2.76%7.42%
1st payment$2,413.87$3,475.24
2nd payment$0.00$0.00
Taxes / mo$213.42$213.42
Insurance / mo$166.67$166.67
MI / mo$0.00$102.60
HOA / mo$130.00$130.00
Total monthly$2,923.96$4,087.92
Cash to close$47,316$57,000