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$574,482$539,100
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$2,872$0
Note rate6.000%7.400%
Blended rate6.000%7.640%
1st payment$3,461.71$3,732.62
2nd payment$0.00$0.00
Taxes / mo$462.87$462.87
Insurance / mo$166.67$166.67
MI / mo$0.00$107.82
HOA / mo$422.00$422.00
Total monthly$4,513.25$4,891.98
Cash to close$24,518$59,900