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$528,758$508,410
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$2,644$0
Note rate6.580%7.320%
Blended rate6.580%7.560%
1st payment$3,410.77$3,492.42
2nd payment$0.00$0.00
Taxes / mo$682.17$682.17
Insurance / mo$166.67$166.67
MI / mo$0.00$101.68
HOA / mo$0.00$0.00
Total monthly$4,259.60$4,442.94
Cash to close$36,142$56,490