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$558,085$525,600
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$2,790$0
Note rate5.000%7.400%
Blended rate5.000%7.640%
1st payment$3,204.77$3,639.15
2nd payment$0.00$0.00
Taxes / mo$486.67$486.67
Insurance / mo$166.67$166.67
MI / mo$0.00$105.12
HOA / mo$168.00$168.00
Total monthly$4,026.10$4,565.60
Cash to close$25,915$58,400