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$610,581$566,910
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$3,053$0
Note rate6.610%7.400%
Blended rate6.610%7.640%
1st payment$4,023.56$3,925.17
2nd payment$0.00$0.00
Taxes / mo$524.92$524.92
Insurance / mo$166.67$166.67
MI / mo$0.00$113.38
HOA / mo$205.00$205.00
Total monthly$4,920.14$4,935.14
Cash to close$19,319$62,990