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$566,035$530,991
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,830$0
Note rate5.660%7.320%
Blended rate5.660%7.560%
1st payment$3,464.00$3,647.54
2nd payment$0.00$0.00
Taxes / mo$458.67$458.67
Insurance / mo$166.67$166.67
MI / mo$0.00$106.20
HOA / mo$55.00$55.00
Total monthly$4,144.33$4,434.07
Cash to close$23,955$58,999