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$602,764$540,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$3,014$0
Note rate5.100%7.400%
Blended rate5.100%7.640%
1st payment$3,502.30$3,738.85
2nd payment$0.00$0.00
Taxes / mo$500.00$500.00
Insurance / mo$166.67$166.67
MI / mo$0.00$108.00
HOA / mo$0.00$0.00
Total monthly$4,168.96$4,513.52
Cash to close$0$60,000