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$553,626$539,999
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$2,768$0
Note rate6.620%7.320%
Blended rate6.620%7.560%
1st payment$3,647.89$3,709.42
2nd payment$0.00$0.00
Taxes / mo$500.00$500.00
Insurance / mo$166.67$166.67
MI / mo$0.00$108.00
HOA / mo$0.00$0.00
Total monthly$4,314.55$4,484.08
Cash to close$46,373$60,000