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$583,771$539,100
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,919$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$3,777.09$3,732.62
2nd payment$0.00$0.00
Taxes / mo$499.17$499.17
Insurance / mo$166.67$166.67
MI / mo$0.00$107.82
HOA / mo$95.00$95.00
Total monthly$4,537.93$4,601.27
Cash to close$15,229$59,900