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$541,685$525,600
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$2,708$0
Note rate5.130%7.320%
Blended rate5.130%7.560%
1st payment$3,142.49$3,610.51
2nd payment$0.00$0.00
Taxes / mo$1,089.50$1,089.50
Insurance / mo$166.67$166.67
MI / mo$0.00$105.12
HOA / mo$41.67$41.67
Total monthly$4,440.33$5,013.46
Cash to close$42,315$58,400