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$598,692$587,700
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$2,993$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$3,931.51$4,069.12
2nd payment$0.00$0.00
Taxes / mo$218.08$218.08
Insurance / mo$166.67$166.67
MI / mo$0.00$117.54
HOA / mo$0.00$0.00
Total monthly$4,316.26$4,571.41
Cash to close$54,308$65,300