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$551,558$540,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$2,758$0
Note rate6.270%7.400%
Blended rate6.270%7.640%
1st payment$3,547.86$3,738.85
2nd payment$0.00$0.00
Taxes / mo$156.97$156.97
Insurance / mo$166.67$166.67
MI / mo$0.00$108.00
HOA / mo$63.33$63.33
Total monthly$3,934.83$4,233.82
Cash to close$48,442$60,000