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$615,896$593,100
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$3,079$0
Note rate6.840%7.400%
Blended rate6.840%7.640%
1st payment$4,104.95$4,106.50
2nd payment$0.00$0.00
Taxes / mo$435.58$435.58
Insurance / mo$166.67$166.67
MI / mo$0.00$118.62
HOA / mo$45.67$45.67
Total monthly$4,752.87$4,873.04
Cash to close$43,104$65,900