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$564,700$531,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,823$0
Note rate5.890%7.400%
Blended rate5.890%7.640%
1st payment$3,540.09$3,676.54
2nd payment$0.00$0.00
Taxes / mo$401.08$401.08
Insurance / mo$166.67$166.67
MI / mo$0.00$106.20
HOA / mo$47.00$47.00
Total monthly$4,154.84$4,397.49
Cash to close$25,300$59,000