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$601,740$589,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$3,009$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$4,026.54$4,081.58
2nd payment$0.00$0.00
Taxes / mo$230.75$230.75
Insurance / mo$166.67$166.67
MI / mo$0.00$117.90
HOA / mo$0.00$0.00
Total monthly$4,423.96$4,596.90
Cash to close$53,260$65,500