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$537,789$531,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$2,689$0
Note rate6.720%7.320%
Blended rate6.720%7.560%
1st payment$3,518.34$3,647.60
2nd payment$0.00$0.00
Taxes / mo$85.33$85.33
Insurance / mo$166.67$166.67
MI / mo$0.00$106.20
HOA / mo$0.00$0.00
Total monthly$3,770.34$4,005.80
Cash to close$52,211$59,000