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$359,536$450,000
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$1,798$0
Note rate3.500%6.550%
Blended rate3.500%6.790%
1st payment$1,796.18$2,859.12
2nd payment$0.00$0.00
Taxes / mo$433.33$433.33
Insurance / mo$166.67$166.67
MI / mo$0.00$90.00
HOA / mo$0.00$0.00
Total monthly$2,396.18$3,549.12
Cash to close$140,464$50,000