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$533,076$517,410
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$2,665$0
Note rate6.340%7.400%
Blended rate6.340%7.640%
1st payment$3,342.16$3,582.44
2nd payment$0.00$0.00
Taxes / mo$479.08$479.08
Insurance / mo$166.67$166.67
MI / mo$0.00$103.48
HOA / mo$15.42$15.42
Total monthly$4,003.33$4,347.09
Cash to close$41,824$57,490