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$590,221$580,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$2,951$0
Note rate6.260%7.400%
Blended rate6.260%7.640%
1st payment$3,673.55$4,019.26
2nd payment$0.00$0.00
Taxes / mo$614.33$614.33
Insurance / mo$166.67$166.67
MI / mo$0.00$116.10
HOA / mo$54.33$54.33
Total monthly$4,508.88$4,970.69
Cash to close$54,779$64,500