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$560,657$531,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,803$0
Note rate6.500%7.320%
Blended rate6.500%7.560%
1st payment$3,623.74$3,647.60
2nd payment$0.00$0.00
Taxes / mo$319.75$319.75
Insurance / mo$166.67$166.67
MI / mo$0.00$106.20
HOA / mo$60.00$60.00
Total monthly$4,170.16$4,300.22
Cash to close$29,343$59,000