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$601,249$517,500
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$3,006$0
Note rate4.375%7.400%
Blended rate4.375%7.640%
1st payment$3,263.81$3,583.07
2nd payment$0.00$0.00
Taxes / mo$219.83$219.83
Insurance / mo$166.67$166.67
MI / mo$0.00$103.50
HOA / mo$0.00$0.00
Total monthly$3,650.31$4,073.07
Cash to close$0$57,500