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$579,451$553,500
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$2,897$0
Note rate6.21%7.24%
Blended rate6.21%7.48%
1st payment$3,580.61$3,772.09
2nd payment$0.00$0.00
Taxes / mo$202.33$202.33
Insurance / mo$166.67$166.67
MI / mo$0.00$110.70
HOA / mo$0.00$0.00
Total monthly$3,949.61$4,251.79
Cash to close$35,549$61,500