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$588,271$562,410
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$2,941$0
Note rate5.250%7.400%
Blended rate5.250%7.640%
1st payment$3,263.52$3,894.01
2nd payment$0.00$0.00
Taxes / mo$65.75$65.75
Insurance / mo$166.67$166.67
MI / mo$0.00$112.48
HOA / mo$0.00$0.00
Total monthly$3,495.94$4,238.91
Cash to close$36,629$62,490