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$561,461$503,991
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$2,807$0
Note rate6.520%7.400%
Blended rate6.520%7.640%
1st payment$3,565.89$3,489.53
2nd payment$0.00$0.00
Taxes / mo$480.00$480.00
Insurance / mo$166.67$166.67
MI / mo$0.00$100.80
HOA / mo$75.00$75.00
Total monthly$4,287.55$4,312.00
Cash to close$0$55,999