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$568,998$503,100
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,845$0
Note rate5.410%7.400%
Blended rate5.410%7.640%
1st payment$3,401.04$3,483.36
2nd payment$0.00$0.00
Taxes / mo$208.42$208.42
Insurance / mo$166.67$166.67
MI / mo$0.00$100.62
HOA / mo$25.00$25.00
Total monthly$3,801.12$3,984.07
Cash to close$0$55,900