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$586,859$562,500
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$2,934$0
Note rate5.1%7.24%
Blended rate5.1%7.48%
1st payment$3,420.58$3,833.43
2nd payment$0.00$0.00
Taxes / mo$538.67$538.67
Insurance / mo$166.67$166.67
MI / mo$0.00$112.50
HOA / mo$0.00$0.00
Total monthly$4,125.92$4,651.26
Cash to close$38,141$62,500