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$584,003$562,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$2,920$0
Note rate6.62%7.24%
Blended rate6.62%7.48%
1st payment$3,800.84$3,833.43
2nd payment$0.00$0.00
Taxes / mo$313.00$313.00
Insurance / mo$166.67$166.67
MI / mo$0.00$112.50
HOA / mo$0.00$0.00
Total monthly$4,280.51$4,425.59
Cash to close$40,997$62,500