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$573,332$539,955
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$2,867$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$3,633.76$3,738.54
2nd payment$0.00$0.00
Taxes / mo$499.96$499.96
Insurance / mo$166.67$166.67
MI / mo$0.00$107.99
HOA / mo$714.00$714.00
Total monthly$5,014.38$5,227.16
Cash to close$26,618$59,995