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$591,535$508,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$2,958$0
Note rate5.520%7.400%
Blended rate5.520%7.640%
1st payment$3,580.11$3,520.75
2nd payment$0.00$0.00
Taxes / mo$470.83$470.83
Insurance / mo$166.67$166.67
MI / mo$0.00$101.70
HOA / mo$0.00$0.00
Total monthly$4,217.61$4,259.95
Cash to close$0$56,500