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$538,906$526,500
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$2,695$0
Note rate5.230%7.320%
Blended rate5.230%7.560%
1st payment$3,167.94$3,616.69
2nd payment$0.00$0.00
Taxes / mo$1,086.08$1,086.08
Insurance / mo$166.67$166.67
MI / mo$0.00$105.30
HOA / mo$0.00$0.00
Total monthly$4,420.69$4,974.74
Cash to close$46,094$58,500