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$580,148$571,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,901$0
Note rate6.240%7.400%
Blended rate6.240%7.640%
1st payment$3,603.37$3,956.95
2nd payment$0.00$0.00
Taxes / mo$300.42$300.42
Insurance / mo$166.67$166.67
MI / mo$0.00$114.30
HOA / mo$24.00$24.00
Total monthly$4,094.45$4,562.33
Cash to close$54,852$63,500