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$572,044$557,910
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$2,860$0
Note rate5.900%7.400%
Blended rate5.900%7.640%
1st payment$3,579.99$3,862.86
2nd payment$0.00$0.00
Taxes / mo$516.58$516.58
Insurance / mo$166.67$166.67
MI / mo$0.00$111.58
HOA / mo$300.00$300.00
Total monthly$4,563.24$4,957.69
Cash to close$47,856$61,990