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$554,859$530,100
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,774$0
Note rate6.580%7.400%
Blended rate6.580%7.640%
1st payment$3,572.28$3,670.31
2nd payment$0.00$0.00
Taxes / mo$310.36$310.36
Insurance / mo$166.67$166.67
MI / mo$0.00$106.02
HOA / mo$25.00$25.00
Total monthly$4,074.31$4,278.35
Cash to close$34,141$58,900