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$545,158$517,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,726$0
Note rate6.580%7.400%
Blended rate6.580%7.640%
1st payment$3,509.82$3,583.07
2nd payment$0.00$0.00
Taxes / mo$479.17$479.17
Insurance / mo$166.67$166.67
MI / mo$0.00$103.50
HOA / mo$615.00$615.00
Total monthly$4,770.66$4,947.40
Cash to close$29,842$57,500