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$522,393$517,365
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$2,612$0
Note rate6.660%7.400%
Blended rate6.660%7.640%
1st payment$3,455.58$3,582.13
2nd payment$0.00$0.00
Taxes / mo$678.17$678.17
Insurance / mo$166.67$166.67
MI / mo$0.00$103.47
HOA / mo$320.00$320.00
Total monthly$4,620.42$4,850.44
Cash to close$52,457$57,485