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$568,893$539,100
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$2,844$0
Note rate5.625%7.400%
Blended rate5.625%7.640%
1st payment$3,330.06$3,732.62
2nd payment$0.00$0.00
Taxes / mo$520.08$520.08
Insurance / mo$166.67$166.67
MI / mo$0.00$107.82
HOA / mo$40.33$40.33
Total monthly$4,057.14$4,567.52
Cash to close$30,107$59,900