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$528,756$517,410
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$2,644$0
Note rate6.270%7.400%
Blended rate6.270%7.640%
1st payment$3,401.19$3,582.44
2nd payment$0.00$0.00
Taxes / mo$438.58$438.58
Insurance / mo$166.67$166.67
MI / mo$0.00$103.48
HOA / mo$0.00$0.00
Total monthly$4,006.43$4,291.17
Cash to close$46,144$57,490