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$609,327$576,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$3,047$0
Note rate5.510%7.400%
Blended rate5.510%7.640%
1st payment$3,678.79$3,988.11
2nd payment$0.00$0.00
Taxes / mo$297.08$297.08
Insurance / mo$166.67$166.67
MI / mo$0.00$115.20
HOA / mo$41.67$41.67
Total monthly$4,184.21$4,608.73
Cash to close$30,673$64,000