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$611,031$584,910
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$3,055$0
Note rate6.160%7.400%
Blended rate6.160%7.640%
1st payment$3,752.28$4,049.80
2nd payment$0.00$0.00
Taxes / mo$329.83$329.83
Insurance / mo$166.67$166.67
MI / mo$0.00$116.98
HOA / mo$49.00$49.00
Total monthly$4,297.78$4,712.28
Cash to close$38,869$64,990