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$573,787$544,500
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$2,869$0
Note rate5.100%7.400%
Blended rate5.100%7.640%
1st payment$3,339.14$3,770.01
2nd payment$0.00$0.00
Taxes / mo$527.92$527.92
Insurance / mo$166.67$166.67
MI / mo$0.00$108.90
HOA / mo$95.00$95.00
Total monthly$4,128.72$4,668.49
Cash to close$31,213$60,500