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$600,576$585,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$3,003$0
Note rate7.100%7.400%
Blended rate7.100%7.640%
1st payment$4,133.00$4,050.42
2nd payment$0.00$0.00
Taxes / mo$383.58$383.58
Insurance / mo$166.67$166.67
MI / mo$0.00$117.00
HOA / mo$8.33$8.33
Total monthly$4,691.58$4,726.00
Cash to close$49,424$65,000