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$590,939$567,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$2,955$0
Note rate6.150%7.400%
Blended rate6.150%7.640%
1st payment$3,770.60$3,925.79
2nd payment$0.00$0.00
Taxes / mo$160.73$160.73
Insurance / mo$166.67$166.67
MI / mo$0.00$113.40
HOA / mo$2.50$2.50
Total monthly$4,100.51$4,369.09
Cash to close$39,061$63,000