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$591,744$558,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$2,959$0
Note rate5.000%7.400%
Blended rate5.000%7.640%
1st payment$3,408.82$3,863.48
2nd payment$0.00$0.00
Taxes / mo$583.58$583.58
Insurance / mo$166.67$166.67
MI / mo$0.00$111.60
HOA / mo$25.67$25.67
Total monthly$4,184.74$4,751.00
Cash to close$28,256$62,000