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$567,297$558,000
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$2,836$0
Note rate6.620%7.400%
Blended rate6.620%7.640%
1st payment$3,688.48$3,863.48
2nd payment$0.00$0.00
Taxes / mo$363.00$363.00
Insurance / mo$166.67$166.67
MI / mo$0.00$111.60
HOA / mo$70.00$70.00
Total monthly$4,288.14$4,574.75
Cash to close$52,703$62,000