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$588,454$562,500
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$2,942$0
Note rate6.720%7.320%
Blended rate6.720%7.560%
1st payment$3,879.63$3,863.98
2nd payment$0.00$0.00
Taxes / mo$520.83$520.83
Insurance / mo$166.67$166.67
MI / mo$0.00$112.50
HOA / mo$135.00$135.00
Total monthly$4,702.13$4,798.98
Cash to close$36,546$62,500