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$608,805$593,550
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$3,044$0
Note rate6.110%7.400%
Blended rate6.110%7.640%
1st payment$3,715.27$4,109.62
2nd payment$0.00$0.00
Taxes / mo$216.58$216.58
Insurance / mo$166.67$166.67
MI / mo$0.00$118.71
HOA / mo$0.00$0.00
Total monthly$4,098.52$4,611.58
Cash to close$50,695$65,950