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$576,322$557,910
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$2,882$0
Note rate6.160%7.400%
Blended rate6.160%7.640%
1st payment$3,542.71$3,862.86
2nd payment$0.00$0.00
Taxes / mo$645.25$645.25
Insurance / mo$166.67$166.67
MI / mo$0.00$111.58
HOA / mo$0.00$0.00
Total monthly$4,354.62$4,786.35
Cash to close$43,578$61,990