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$538,066$530,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$2,690$0
Note rate6.760%7.320%
Blended rate6.760%7.560%
1st payment$3,547.69$3,641.42
2nd payment$0.00$0.00
Taxes / mo$209.00$209.00
Insurance / mo$166.67$166.67
MI / mo$0.00$106.02
HOA / mo$164.67$164.67
Total monthly$4,088.03$4,287.78
Cash to close$50,934$58,900