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$580,030$562,500
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$2,900$0
Note rate6.210%7.400%
Blended rate6.210%7.640%
1st payment$3,580.61$3,894.64
2nd payment$0.00$0.00
Taxes / mo$202.33$202.33
Insurance / mo$166.67$166.67
MI / mo$0.00$112.50
HOA / mo$0.00$0.00
Total monthly$3,949.61$4,376.14
Cash to close$44,970$62,500