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$567,660$551,250
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$2,838$0
Note rate6.960%7.400%
Blended rate6.960%7.640%
1st payment$3,821.13$3,816.74
2nd payment$0.00$0.00
Taxes / mo$224.16$224.16
Insurance / mo$166.67$166.67
MI / mo$0.00$110.25
HOA / mo$0.00$0.00
Total monthly$4,211.96$4,317.82
Cash to close$44,840$61,250