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$528,460$508,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$2,642$0
Note rate6.560%7.400%
Blended rate6.560%7.640%
1st payment$3,398.66$3,520.75
2nd payment$0.00$0.00
Taxes / mo$249.67$249.67
Insurance / mo$166.67$166.67
MI / mo$0.00$101.70
HOA / mo$65.00$65.00
Total monthly$3,880.00$4,103.78
Cash to close$36,540$56,500