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$588,879$535,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,944$0
Note rate6.260%7.320%
Blended rate6.260%7.560%
1st payment$3,665.19$3,678.51
2nd payment$0.00$0.00
Taxes / mo$395.42$395.42
Insurance / mo$166.67$166.67
MI / mo$0.00$107.10
HOA / mo$0.00$0.00
Total monthly$4,227.28$4,347.70
Cash to close$6,121$59,500