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$616,003$584,955
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$3,080$0
Note rate6.540%7.400%
Blended rate6.540%7.640%
1st payment$3,989.16$4,050.11
2nd payment$0.00$0.00
Taxes / mo$291.92$291.92
Insurance / mo$166.67$166.67
MI / mo$0.00$116.99
HOA / mo$0.00$0.00
Total monthly$4,447.74$4,625.68
Cash to close$33,947$64,995