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$600,263$575,910
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$3,001$0
Note rate6.770%7.400%
Blended rate6.770%7.640%
1st payment$3,988.93$3,987.48
2nd payment$0.00$0.00
Taxes / mo$533.25$533.25
Insurance / mo$166.67$166.67
MI / mo$0.00$115.18
HOA / mo$0.00$0.00
Total monthly$4,688.85$4,802.58
Cash to close$39,637$63,990