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$536,040$514,800
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$2,680$0
Note rate5.54%7.24%
Blended rate5.54%7.48%
1st payment$3,250.72$3,508.35
2nd payment$0.00$0.00
Taxes / mo$620.42$620.42
Insurance / mo$166.67$166.67
MI / mo$0.00$102.96
HOA / mo$90.00$90.00
Total monthly$4,127.80$4,488.40
Cash to close$35,960$57,200