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$568,853$553,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$2,844$0
Note rate6.950%7.320%
Blended rate6.950%7.560%
1st payment$3,851.00$3,802.16
2nd payment$0.00$0.00
Taxes / mo$315.25$315.25
Insurance / mo$166.67$166.67
MI / mo$0.00$110.70
HOA / mo$0.00$0.00
Total monthly$4,332.92$4,394.78
Cash to close$46,147$61,500