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$599,382$589,500
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$2,997$0
Note rate4.000%7.400%
Blended rate4.000%7.640%
1st payment$3,115.99$4,081.58
2nd payment$0.00$0.00
Taxes / mo$458.08$458.08
Insurance / mo$166.67$166.67
MI / mo$0.00$117.90
HOA / mo$5.92$5.92
Total monthly$3,746.66$4,830.15
Cash to close$55,618$65,500