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$584,980$557,991
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$2,925$0
Note rate3.760%7.400%
Blended rate3.760%7.640%
1st payment$2,969.42$3,863.42
2nd payment$0.00$0.00
Taxes / mo$483.42$483.42
Insurance / mo$166.67$166.67
MI / mo$0.00$111.60
HOA / mo$150.00$150.00
Total monthly$3,769.50$4,775.10
Cash to close$35,010$61,999