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$564,557$540,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$2,823$0
Note rate6.330%7.320%
Blended rate6.330%7.560%
1st payment$3,666.07$3,709.43
2nd payment$0.00$0.00
Taxes / mo$369.33$369.33
Insurance / mo$166.67$166.67
MI / mo$0.00$108.00
HOA / mo$0.00$0.00
Total monthly$4,202.07$4,353.43
Cash to close$35,443$60,000